THE FEDERAL RESERVE raised interest rates again on May 3, 2023, by a quarter point, making it the Fed’s 10th rate hike since March 2022 in an ongoing fight to tame inflation. These rate hikes have been reverberating through the economy, raising prospects of a recession amid heightened concerns about the fragile state of banks.
The rate hikes are also rattling sustainability-focused investing, better known as ESG investing.
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