The Latest Breaking News from the US Federal Reserve

Central banks are seen treading carefully following the sudden collapses of Silicon Valley Bank and Credit Suisse.

LONDON: The Bank of England joined Norway and Switzerland in hiking interest rates on Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

Concerns about the world's banks are casting a shadow over the European Central Bank's meeting

The US Federal Reserve faces a tricky balancing act, as it tries to navigate high inflation and instability in the banking sector. Alexander Yokum, of CFRA Research, says the collapse of Silicon Valley Bank and Signature Bank could affect the Fed's next interest rate decision, despite a 6 percent jump…

The CEO of hedge fund Citadel said that backing Silicon Valley Bank's deposits in full was a "loss of financial discipline."

If the Reserve Bank of Australia (RBA) wanted an excuse to end interest rate hikes, the collapse of two US banks just gave it one.

Developers are more worried about the impact on the housing market of future interest rate hikes by the US Federal Reserve than they are about the sudden collapse of Silicon Valley Bank (SVB).

The events will add to pressure on UK and US central banks to ease up on raising interest rates, some experts have suggested