Fed hikes rates by quarter point, Powell hints at possible pause

(Image: Bloomberg)

Thu, 04 May 2023

By Matthew BoeslerThe Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in the most aggressive tightening campaign since the 1980s as economic risks mount.“The committee will closely monitor incoming information and assess the implications for monetary policy,” the Federal Open Market Committee (FOMC) said in a statement on Wednesday US time. It omitted a line from its previous statement in March that said the committee “anticipates that some additional policy firming...

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