pleas explain further-1. U.S. Federal Reserve raising key interest rates: The Federal Reserve (the Fed) controls the federal funds rate, which is the interest rate at which banks and credit unions lend reserve balances to other depository institutions overnight. When the Fed raises this rate, it essentially makes borrowing more expensive. This is often done to slow down inflation when the economy is doing well, but it can also make it more expensive for businesses and consumers to borrow money, potentially slowing economic growth