The Federal Reserve raised interest rates by 25 basis points, dampening hopes for a pause amid ongoing banking concerns. Inflation in the UK surged to 10.4% year over year, prompting the Bank of England to follow suit with a rate hike. Meanwhile, home prices in the US experienced their first year-over-year decline in over a decade, and Google's AI chatbot Bard has finally launched, though it remains separate from the main search engine for now.
