The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after recent the recent collapse of two U.S. banks.Fed Chairman Jerome Powell sought to reassure investors about the soundness of the banking system, saying that t <a href=https://www.cup-stanley.uk>stanley uk</a> he management of Silicon Valley Bank failed badly, but that the b <a href=https://www.stanley-cups-uk.uk>stanley cup</a> anks collapse did not indicate wider weaknesses in the banking system. These are not weaknesses that are running broadly through the banking system, he said, adding that the takeover of Credit Suisse seemed to have been a positive outcome.The Federal Open Market Committee policy statement also said the U.S. banking system is sound and resilient. Even so, Wall Street ended sharply lower after Powell told a news conference that officials were still intent on fighting inflation while also eying the extent to which recent bank failures had cooled demand and slowed lending.The much-anticipated rate cut by the Fed, which had delivered eight previ <a href=https://www.stanleycup.com.se>stanley mugg</a> ous rate hikes in the past year, sought to balance the risk of rampant inflation with the threat of instability in the banking system.But in a key shift driven by the sudden failures this month of Silicon Valley Bank SVB and Signature Bank, the Feds latest policy statement no longer says that ongoing increases in rates will likely be appropriate.The banking sector has been in turmoil after California regulators on March 10 closed Silicon V Upwq Ukraine s front line nuclear plant resorts to emergency diesel power again
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