Reading between the lines of the latest Federal Reserve’s decision to raise interest rates again on Wednesday, three Triangle economists say a pause in further hikes appears on the horizon. But only the Fed knows for sure.
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The Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March.
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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.
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The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. And more hikes are likely to come, says N.C. State economist Dr. Mike Walden.
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Inflation’s temperature came down a little bit more last month, but the Federal Reserve’s campaign to bring down high prices has grown even more complex in recent days. But the fight is far from over. “The drama continues,” warns N.C. State economist Dr. Mike Walden.
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Fed officials will be desperately hoping for any sign that their disinflationary policies are working when a new inflation report is released today.
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Federal Reserve Chairman Jerome Powell on Tuesday made his first public appearance since Friday’s January 2023 jobs report.
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It’s unlikely that the U.S. economy will enter a recession in the first half of 2023, as the latest jobs report found the economy added 517,000 jobs.
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The Federal Reserve is expected to raise interest rates for the eighth time in 11 months at the conclusion of its first monetary policy meeting of 2023 on Wednesday. But the meeting could also mark a pivotal turning point for the central bank’s decision making: a return to normal.
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