On May 2nd, the Federal Reserve announced that it would raise interest rates by another 25 basis points, citing concerns over inflation. This move comes amidst a backdrop of economic uncertainty and turmoil, with the US government having recently seized First Republic Bank, marking the third bank to suffer such a fate. Despite widespread calls for the Fed to halt interest rate hikes, it appears that the central bank is prioritizing its battle against rising prices. The decision to raise inter...