Aggressive Rate Hike Bets Raise Stakes for Fed
The Federal Reserve is expected to announce its first interest rate hike since 2023 as policymakers attempt to curb persistent inflation. The decision follows growing concerns that price increases will not stabilize without direct intervention from the central bank.
The Federal Reserve is expected to lift interest rates today for the first time since 2023 as policymakers lose confidence that inflation will cool sufficiently without at least a nudge from the central bank. Michael McKee, International Economics & Policy Correspondent with Bloomberg News, tells us what he expects from today's Fed decision. (Source: Bloomberg)
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Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Federal Reserve hikes rates The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. © Mark Schiefelbein, Associated Press The central bank’s Federal Open Market Committee...