The Federal Reserve, noting that bank turmoil will tighten economic conditions, raised rates by a quarter-point. jdlahart explains. WSJWhatsNow
, but they tried to do so in a kind way. Maybe that is the most important takeaway..
With all the recent trouble in the banking sector, some economists had forecast the central bank would hit the pause button. Similarly, although interest-rate futures put higher chances on a rate increase than not, they didn’t rule out a pause.
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