[Central News Agency] The failure of Silicon Valley Bank (SVB) triggered market turmoil. Although inflation across the United States slowed last month, it remained high. The US Federal Reserve (Fed) decided to raise interest rates by 1 yard today.

The Federal Reserve raised interest rates by 1 yard (0.25 percentage points) and 2 yards (0.5 percentage points) in March and May last year, and raised 3 yards (0.75 percentage points) for 4 consecutive times in June, July, September and November. percent), gained just 2 yards in December and 1 yard in the first meeting of the year.

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The Fed announced a one-point rate hike at today's Federal Open Market Committee (FOMC) meeting, which, combined with previous increases, brings the Fed's rate hikes to 19 yards, or 4.75 percentage points, since March last year.

Prior to this, the U.S. Department of Labor announced that the consumer price index (CPI) increased by 6% year-on-year in February, in line with market expectations, and hit the lowest annual increase since September 2021, showing that inflation continued to cool.

The collapse of Silicon Valley Bank in the middle of this month caused an uproar. Analysts originally predicted that the Federal Reserve may not raise interest rates in March.

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