US Fed Likely To Hike Rates Again As Banking Fears Resurface
US Fed likely to hike rates again as banking fears resurface
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US Fed likely to hike rates again as banking fears resurface
The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th -- and possibly final -- time on Wednesday, as it looks to bring down
Federal Reserve officials are expected to raise interest rates by a quarter point at the conclusion of their two-day policy meeting Wednesday, despite calls from some lawmakers and economists to tap the brakes to allow the ailing banking sector to rebalance.
WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th — and possibly final — time on Wednesday, as it aims to bring down inflation while preventing fresh banking concerns from spreading.
In a widely anticipated move, the Federal Reserve on Wednesday announced its decision to raise interest rates by another quarter point. The Fed decided to raise the target range for the federal funds rate by 25 basis points to 5 to 5.