Federal Reserve Paused Raising Short-Term Interest Rates
The Federal Reserve paused raising the key short-term interest rates but signaled that another rate hike is likely before the end of the 2023 to try keeping inflation down.
The Federal Reserve paused raising the key short-term interest rates but signaled that another rate hike is likely before the end of the 2023 to try keeping inflation down.
For the seventh time this year, the Fed has raised interest rates by another half a percentage point. They signaled more releases were planned next year.
Federal Reserve Chairman Jerome Powell has signaled that the central bank will probably raise interest rates next month by a half a percentage point at its meeting.
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