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Shares of First Republic Bank rose 5% on Thursday as they drew the attention of bargain-hunting retail investors, but still hovered near record-low levels on lingering fears about the future of the U.S. regional lender.
Most economists think the Fed will raise rates by a quarter-point on Wednesday
U.S. central bankers face an unenviable task when they gather in Washington this week: Tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank’s rapid collapse.
WASHINGTON -- Still grappling with persistently high inflation, the Federal Reserve faces an entirely new -- and in some ways conflicting -- challenge as it meets to consider interest rates this week: How to restore calm to a nervous banking system.
Still grappling with persistently high inflation, the Federal Reserve faces an entirely new — and in some ways conflicting — challenge as it meets to consider interest rates this week: How to restore calm to a nervous banking system.