The Federal Reserve has announced a 25 basis point increase in the interest rate. The move is part of its strategy to achieve balance in economic growth and inflation control.

The Federal Reserve has cautioned against the possibility of economic slowdown in the near future, given the challenges facing the US economy, especially in light of the trade tensions between the United States and China.

The Federal Reserve has reaffirmed the strength of the US banking system’s resilience and adaptability to various challenges. It emphasized the need to maintain the US financial and banking system to achieve economic and financial stability.