{"id":68999,"date":"2023-03-23T11:47:48","date_gmt":"2023-03-23T06:17:48","guid":{"rendered":"https:\/\/www.the-next-tech.com\/?post_type=web-story&#038;p=68999"},"modified":"2023-03-23T11:47:54","modified_gmt":"2023-03-23T06:17:54","slug":"the-federal-reserve-hikes-interest-rates-to-curb-inflation","status":"publish","type":"web-story","link":"https:\/\/www.the-next-tech.com\/web-stories\/the-federal-reserve-hikes-interest-rates-to-curb-inflation\/","title":{"rendered":"The Federal Reserve Hikes Interest Rates to Curb Inflation"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link 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class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-8.98058%;top:50%;width:117.47573%;height:50%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-e4a850d9-1770-4769-9fb8-bf67ac62e49f\">\n<div style=\"position:absolute;width:100%;height:100.31422%;left:0%;top:-0.15711%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/premium-vector\/inflation-interest-rate-hikes-policy-interest-rate-is-set-by-central-bank-federal-reserve-fed-businessmen-bankers-raise-interest-rates-by-setting-off-fireworks_327176-1328.jpg?w=826\" alt=\"inflation-interest-rate-hikes-policy-interest-rate-is-set-by-central-bank-federal-reserve-fed-businessmen-bankers-raise-interest-rates-by-setting-off-fireworks_327176-1328.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.40777%;top:11.8123%;width:76.45631%;height:23.6246%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6349206349206349% 0.6349206349206349% 0.6349206349206349% 0.6349206349206349% \/ 1.36986301369863% 1.36986301369863% 1.36986301369863% 1.36986301369863%\" id=\"el-f5184fe9-2f72-4430-abaa-b2fd70b4b736\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.2714285714285704% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.485437em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"The_Fed_Hikes_Interest_Rate_by_025_Point_Despite_Global_Banking_Turmoil\"><\/span><span><span style=\"font-weight: 700; color: #6f4518\">The Fed Hikes Interest Rate by 0.25 Point &nbsp;Despite Global Banking Turmoil<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"d8732da8-9186-4d44-a8d6-fb6b38e4bd81\" auto-advance-after=\"9s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-4aeb217b-a4de-41ad-bc6c-727001b852c3\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-0d301311-2e13-4781-b3a2-20d2833ca6c0\",\"keyframes\":{\"transform\":[\"scale(0.3333333333333333)\",\"scale(1)\"]},\"delay\":0,\"duration\":2000,\"easing\":\"cubic-bezier(.3,0,.55,1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-9de1deea-a860-4928-9f6a-7c5fc58fc74b\">\n<div style=\"position:absolute;width:100%;height:100.24968%;left:0%;top:-0.12484%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/free-vector\/white-house-illustration-flat-design_23-2148849772.jpg?w=740&amp;t=st=1679546513~exp=1679547113~hmac=ce78b06704ce99b4a98a2f0cf4be49c44063e000f52a4df7e348e097141f62ea\" alt=\"white-house-illustration-flat-design_23-2148849772.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:13.43042%;width:76.45631%;height:22.49191%;opacity:1\">\n<div id=\"anim-b25152fc-640b-471e-9e3c-759d0b5bf158\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-045dabf6-94d1-44ba-af90-d86d2b29b6bc\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.3333333333333333)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6349206349206349% 0.6349206349206349% 0.6349206349206349% 0.6349206349206349% \/ 1.4388489208633095% 1.4388489208633095% 1.4388489208633095% 1.4388489208633095%\" id=\"el-ccd6ad46-a98b-4f47-9443-6ce0ca24dd78\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.20809523809523808% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"The_Federal_Reserve_increased_interest_rates_for_the_9th_time_in_a_row_in_response_to_the_stress_in_the_banking_sector\"><\/span><span><span style=\"font-weight: 700; color: #0044c9\">The Federal Reserve increased interest rates for the 9th time in a row in response to the stress in the banking sector.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"2d059b0e-e61b-4f81-9ef8-de7b04dd14f7\" auto-advance-after=\"9s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-79a4071d-d071-47a8-866c-2e369a64b77b\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":200,\"duration\":1400,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-51239c0c-8bc3-4a79-9758-a4be41ac2fc4\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:67.1521%;width:75.97087%;height:24.27184%;opacity:1\">\n<div id=\"anim-79a4071d-d071-47a8-866c-2e369a64b77b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-5cd867ff-35cd-4cc6-927b-74d0a0b95d36\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, 173.48153%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" id=\"el-e8fb9eb4-2d59-4a58-a257-335d6b7eba48\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.9853035143769968% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.388350em;line-height:1;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Fed_policymakers_raised_the_rates_by_025_point_to_just_under_5_this_will_cost_the_people_seeking_for_car_loans_or_have_credit_card_debt\"><\/span><span><span style=\"font-weight: 700; color: #3a566e\">Fed policymakers raised the rates by 0.25 point to just under 5%, this will cost the people seeking for car loans or &nbsp;have credit card debt.<\/span><\/span><span 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alt=\"tiny-businessman-with-spyglass-standing-stack-coins-increase-income-flat-vector-illustration-financial-growth-investment-success-concept-banner-website-design-landing-web-page_74855-25330.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:12.13592%;top:18.60841%;width:75%;height:23.46278%;opacity:1\">\n<div id=\"anim-49e889b8-fd97-4a1d-b175-3f9d26640645\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-c8ac0d31-d0bb-4f46-bac9-72abc55ddc9a\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, -218.77395%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6472491909385114% 0.6472491909385114% 0.6472491909385114% 0.6472491909385114% \/ 1.3793103448275863% 1.3793103448275863% 1.3793103448275863% 1.3793103448275863%\" id=\"el-d2c3e612-6afc-471a-ae66-df08e250c064\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.22135922330097121% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"The_Feds_rate-setting_committee_believes_that_slightly_higher_rates_are_necessary_to_restore_price_stability\"><\/span><span><span style=\"font-weight: 700; color: #c9184a\">The Fed&#8217;s rate-setting committee believes that slightly higher rates are necessary to restore price stability.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"29747e7d-6650-4162-a742-a832e35eea79\" auto-advance-after=\"9s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ef3dd924-e68d-4b7a-8dea-abaebc1efa65\",\"keyframes\":{\"transform\":[\"translate3d(94.55338%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-38acd437-08be-4034-a6f9-b69752b008c3\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-087a24b3-8b72-4195-a124-706ee942366a\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-878ce606-e39c-4b3e-8d8a-10d0105bc0fc\",\"keyframes\":{\"transform\":[\"translate3d(-116.66667%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-23b6868e-3ba9-4cac-982b-5039c2c598ca\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-e4edb461-51c0-4465-b584-03af0d633ff0\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#cfcdca\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5f72925d-8d0a-459d-ade4-2f4d555d9016\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-5.33981%;top:56.14887%;width:111.40777%;height:53.07443%;opacity:1\">\n<div id=\"anim-ef3dd924-e68d-4b7a-8dea-abaebc1efa65\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(94.55338%, 0px, 0)\">\n<div id=\"anim-38acd437-08be-4034-a6f9-b69752b008c3\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-087a24b3-8b72-4195-a124-706ee942366a\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-31640f6c-c178-4716-a76b-0ba39aa6b6c2\">\n<div style=\"position:absolute;width:100.15184%;height:100%;left:-0.07592%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/free-photo\/graphic-concept-with-percent-symbol_23-2148950367.jpg?w=740&amp;t=st=1679548691~exp=1679549291~hmac=06c4c5ae941ff444157044743bd6e01aaf3eeb85c331bd0943def51f5ca826ed\" alt=\"graphic-concept-with-percent-symbol_23-2148950367.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:12.62136%;top:8.57605%;width:75.72816%;height:30.09709%;opacity:1\">\n<div id=\"anim-878ce606-e39c-4b3e-8d8a-10d0105bc0fc\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-116.66667%, 0px, 0)\">\n<div id=\"anim-23b6868e-3ba9-4cac-982b-5039c2c598ca\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-e4edb461-51c0-4465-b584-03af0d633ff0\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.641025641025641% 0.641025641025641% 0.641025641025641% 0.641025641025641% \/ 1.0752688172043012% 1.0752688172043012% 1.0752688172043012% 1.0752688172043012%\" id=\"el-f9b3712a-bb3e-4ce3-b2f7-877904788b72\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.2009615384615381% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.355987em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Consumer_prices_are_rising_at_an_alarming_rate_Annual_inflation_in_February_was_6_which_was_down_from_91_last_June_but_still_above_the_Feds_target_of_2\"><\/span><span><span style=\"font-weight: 700; color: #e70e27\">Consumer prices are rising at an alarming rate.&nbsp;Annual inflation in February was 6% which was down from 9.1% last June,&nbsp;but still above the Fed&#8217;s target of 2%.&nbsp;<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"434a890a-8802-4456-865b-6de1f64bd3fe\" auto-advance-after=\"9s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-8551b95b-c2db-4f03-aeae-271d76554e26\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-c03fde31-39c7-4824-9726-1bdddd3ce685\",\"keyframes\":{\"transform\":[\"translate3d(-100.24272%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-3b33763c-e158-46d0-bb43-a2975c1dd827\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-9deec746-0742-42ea-a40c-4146e8382760\",\"keyframes\":{\"transform\":[\"translate3d(115.85760%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#f65b1b\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4a217d51-2c04-4114-bece-2981b7d34473\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0.24272%;top:55.66343%;width:100%;height:53.55987%;opacity:1\">\n<div id=\"anim-8551b95b-c2db-4f03-aeae-271d76554e26\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-c03fde31-39c7-4824-9726-1bdddd3ce685\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-100.24272%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-6d6c4748-59e3-453a-85bf-4d4a7ed19769\">\n<div style=\"position:absolute;width:100.42476%;height:100%;left:-0.21238%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/free-vector\/infographic-template-design_1294-49.jpg?1&amp;w=740&amp;t=st=1679549412~exp=1679550012~hmac=f4f24a9c8748bb52dc6a9eca59df5f58f1166b7dec08d2a212fe601c17f3e5fb\" alt=\"infographic-template-design_1294-49.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.1068%;top:11.16505%;width:75%;height:30.09709%;opacity:1\">\n<div id=\"anim-3b33763c-e158-46d0-bb43-a2975c1dd827\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-9deec746-0742-42ea-a40c-4146e8382760\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(115.85760%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6472491909385114% 0.6472491909385114% 0.6472491909385114% 0.6472491909385114% \/ 1.0752688172043012% 1.0752688172043012% 1.0752688172043012% 1.0752688172043012%\" id=\"el-30b50810-3b11-4bbb-92f7-cd117b8ea4b8\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.20291262135922294% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.355987em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"The_rate-setting_committee_expect_the_economy_will_grow_by_04_this_year_They_anticipate_the_unemployment_rate_will_climb_to_45_from_36_in_February\"><\/span><span><span style=\"font-weight: 700; color: #fff\">The rate-setting committee expect the economy will grow by 0.4% this year. They anticipate the unemployment rate will climb to 4.5% from 3.6% in February.&nbsp;<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"d331610f-c9e2-4e5d-a6d2-d864afeda0d0\" auto-advance-after=\"9s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-de4104ba-59fb-4a9b-8ff4-c987c1da09cb\",\"keyframes\":[{\"transform\":\"scale(1)\",\"offset\":0},{\"transform\":\"scale(1.5)\",\"offset\":0.33},{\"transform\":\"scale(0.95)\",\"offset\":0.66},{\"transform\":\"scale(1)\",\"offset\":1}],\"delay\":0,\"duration\":1450,\"easing\":\"ease-in-out\",\"fill\":\"both\",\"iterations\":1}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-a68c5772-318d-401f-82b8-41b36ded0a7e\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":300,\"duration\":2000,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-576453fe-d560-479c-bc24-79ebee1d0bbf\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-13.34951%;top:-10.35599%;width:118.20388%;height:122.16828%;opacity:1\">\n<div id=\"anim-de4104ba-59fb-4a9b-8ff4-c987c1da09cb\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(1)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-224f66cc-c354-4fa3-a531-b04c55925726\">\n<div style=\"position:absolute;width:100%;height:100.14139%;left:0%;top:-0.0707%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.skyscrapercenter.com\/building\/goldsachs11a.jpg\" alt=\"goldsachs11a.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.71845%;top:57.11974%;width:64.80583%;height:37.86408%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-841b0a2a-b1c3-4b8f-8d8c-db2c0d725787\">\n<div class=\"fill\" style=\"background-color:rgba(0,0,0,0.4);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:17.71845%;top:61.65049%;width:64.32039%;height:28.80259%;opacity:1\">\n<div id=\"anim-a68c5772-318d-401f-82b8-41b36ded0a7e\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7547169811320755% 0.7547169811320755% 0.7547169811320755% 0.7547169811320755% \/ 1.1235955056179776% 1.1235955056179776% 1.1235955056179776% 1.1235955056179776%\" id=\"el-7b7a952b-8631-4811-b2ba-d06f427d070b\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.2258490566037734% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.339806em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Goldman_Sachs_stated_that_a_Fed_rate_hike_would_be_detrimental_to_its_goal_of_soothing_financial_strains_and_assuring_Americans_banks_stability\"><\/span><span><span style=\"font-weight: 700; color: #ffee70\">Goldman Sachs stated that a Fed rate hike would be detrimental to its goal of soothing financial strains and assuring Americans banks stability.&nbsp;<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"4b887e6b-508d-46a3-b244-2e084daa0a79\" auto-advance-after=\"9s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-f8afda3e-89e6-45aa-ae1f-9ef0f303e049\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-c13a7ee3-7385-4402-8748-1f40ca0a5bee\",\"keyframes\":{\"transform\":[\"translate3d(0px, 100.05241%, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-0f6c1541-11f8-4054-81a2-35abd8011bba\",\"keyframes\":[{\"transform\":\"scale(1)\",\"offset\":0},{\"transform\":\"scale(1.5)\",\"offset\":0.33},{\"transform\":\"scale(0.95)\",\"offset\":0.66},{\"transform\":\"scale(1)\",\"offset\":1}],\"delay\":0,\"duration\":1450,\"easing\":\"ease-in-out\",\"fill\":\"both\",\"iterations\":1}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5c23a5e2-d609-4700-9660-29627027ebc2\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-1.21359%;top:40.61489%;width:102.91262%;height:68.60841%;opacity:1\">\n<div id=\"anim-f8afda3e-89e6-45aa-ae1f-9ef0f303e049\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-c13a7ee3-7385-4402-8748-1f40ca0a5bee\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, 100.05241%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-50962e58-f1cc-487b-9761-b63e289760c6\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/free-vector\/investment-data-concept-illustration_114360-5159.jpg?w=740&amp;t=st=1679550663~exp=1679551263~hmac=2e3e0ebd3c761936bb50cdd7d1729518f41f986e219af8b5d937eb78a1c8cd1b\" alt=\"investment-data-concept-illustration_114360-5159.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:12.86408%;top:8.25243%;width:75%;height:28.80259%;opacity:1\">\n<div id=\"anim-0f6c1541-11f8-4054-81a2-35abd8011bba\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(1)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6472491909385114% 0.6472491909385114% 0.6472491909385114% 0.6472491909385114% \/ 1.1235955056179776% 1.1235955056179776% 1.1235955056179776% 1.1235955056179776%\" id=\"el-1fe96433-dd75-4845-8d53-674a2649caf0\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.19368932038834938% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.339806em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"A_majority_of_Fed_officials_suggested_that_a_target_Fed_funds_rate_between_4_to_475_would_work_well_for_2023_They_expect_rates_to_fall_between_3_and_4_by_2024\"><\/span><span><span style=\"font-weight: 700; color: #01499d\">A majority of Fed officials suggested that a target Fed funds rate between 4% to 4.75% would work well for 2023. They expect rates to fall between 3% and 4% by 2024.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve enacted a quarter percentage point interest rate increase expressing caution regarding the current banking crisis and an indication that hikes may be nearing an end.<\/p>\n","protected":false},"author":152,"featured_media":69000,"template":"","meta":{"web_stories_publisher_logo":59216,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[21565,21559,21570,21560,21561,21566,19672,21553,21554,21576,21556,21558,19686,21575,21574,21557,21577,21569,21562,21573,21567,21555,21552,21564,21563,21568,21572,21571],"class_list":["post-68999","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"story_data":{"version":46,"pages":[{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"3d4bc370-d760-4a95-8ee3-edef8241d65d"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"scale":100,"focalX":50,"focalY":50,"resource":{"type":"image","mimeType":"image\/jpeg","width":826,"height":529,"sizes":[],"isPlaceholder":false,"isExternal":true,"needsProxy":true,"src":"https:\/\/img.freepik.com\/premium-vector\/inflation-interest-rate-hikes-policy-interest-rate-is-set-by-central-bank-federal-reserve-fed-businessmen-bankers-raise-interest-rates-by-setting-off-fireworks_327176-1328.jpg?w=826","id":"f23bfc9f-35cd-453a-afad-f3893bcb8557","alt":"inflation-interest-rate-hikes-policy-interest-rate-is-set-by-central-bank-federal-reserve-fed-businessmen-bankers-raise-interest-rates-by-setting-off-fireworks_327176-1328.jpg","baseColor":"#f3ebdb"},"type":"image","x":-37,"y":309,"width":484,"height":309,"mask":{"type":"rectangle","showInLibrary":true,"name":"Rectangle","path":"M 0,0 1,0 1,1 0,1 0,0 Z","ratio":1,"supportsBorder":true},"id":"e4a850d9-1770-4769-9fb8-bf67ac62e49f"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Merriweather","fallbacks":["serif"],"weights":[300,400,700,900],"styles":["italic","regular"],"variants":[[0,300],[1,300],[0,400],[1,400],[0,700],[1,700],[0,900],[1,900]],"service":"fonts.google.com","metrics":{"upm":1000,"asc":984,"des":-273,"tAsc":984,"tDes":-273,"tLGap":0,"wAsc":1065,"wDes":273,"xH":555,"capH":743,"yMin":-272,"yMax":1055,"hAsc":984,"hDes":-273,"lGap":0}},"fontSize":30,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.2,"textAlign":"center","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"type":"text","content":"<span style=\"font-weight: 700; color: #6f4518\">The Fed Hikes Interest Rate by 0.25 Point &nbsp;Despite Global Banking Turmoil<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":47,"y":73,"width":315,"height":146,"id":"f5184fe9-2f72-4430-abaa-b2fd70b4b736"}],"backgroundColor":{"color":{"r":243,"g":233,"b":221}},"type":"page","id":"c105e970-c02d-4a68-afa0-004073472508"},{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"ff9b4b97-cdde-4d1b-96d0-06fcf7f3fc35"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"scale":100,"focalX":50,"focalY":50,"resource":{"type":"image","mimeType":"image\/jpeg","width":740,"height":493,"sizes":[],"isPlaceholder":false,"isExternal":true,"needsProxy":true,"src":"https:\/\/img.freepik.com\/free-vector\/white-house-illustration-flat-design_23-2148849772.jpg?w=740&t=st=1679546513~exp=1679547113~hmac=ce78b06704ce99b4a98a2f0cf4be49c44063e000f52a4df7e348e097141f62ea","id":"fbd0671a-d3e6-4876-96d0-1e47a2dace40","alt":"white-house-illustration-flat-design_23-2148849772.jpg","baseColor":"#eda983"},"type":"image","x":-30,"y":360,"width":474,"height":315,"mask":{"type":"rectangle","showInLibrary":true,"name":"Rectangle","path":"M 0,0 1,0 1,1 0,1 0,0 Z","ratio":1,"supportsBorder":true},"id":"9de1deea-a860-4928-9f6a-7c5fc58fc74b"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"backgroundTextMode":"NONE","font":{"family":"Merriweather","fallbacks":["serif"],"weights":[300,400,700,900],"styles":["italic","regular"],"variants":[[0,300],[1,300],[0,400],[1,400],[0,700],[1,700],[0,900],[1,900]],"service":"fonts.google.com","metrics":{"upm":1000,"asc":984,"des":-273,"tAsc":984,"tDes":-273,"tLGap":0,"wAsc":1065,"wDes":273,"xH":555,"capH":743,"yMin":-272,"yMax":1055,"hAsc":984,"hDes":-273,"lGap":0}},"fontSize":23,"backgroundColor":{"color":{"r":196,"g":196,"b":196}},"lineHeight":1.2,"textAlign":"center","padding":{"locked":true,"hasHiddenPadding":false,"horizontal":0,"vertical":0},"type":"text","content":"<span style=\"font-weight: 700; 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