Having once built a capitalist system of booming growth, the US is now throttling it with politics and bad fiscal decisions Yesterday, the United States Federal Reserve decided to yet again increase interest rates by 0.25% up to 5% despite the collapse of several US banks, including Silicon Valley Bank (SVB), as well as more trouble overseas. This eye-watering increase is expected to have a negative impact on US economic growth, place banks under even further strain, and, by extension, have global implications. The goal of the hike is to tame surging inflation that has spooked Western countries and stunted economi
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