Major U.S. banks raise prime rate after Fed move

by Aurelia Butler 5 May 2022, 01:10 159 Views

The base lending rate was hiked by 50 basis points, the banks said in different statements on Wednesday.

The decision comes after the U.S. Federal Reserve raised its overnight interest rate by half a percentage point, the biggest jump in 22 years.

Source: Economy - investing.com

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Major U.S. banks raise prime rate after Fed move

France becomes first big European nation to grant crypto giant Binance regulatory approval

Asian shares firm, dollar bruised as Fed hike dashes more hawkish bets

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