Fed is set to raise rates yet again. After that, then what?,The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation with the fastest pace of hikes in four decades. Economists say Powell will likely hint that the Fed is edging closer to a long-awaited pause in its rate increases. Instead, he will probably stress that further rate hikes could happen if inflation were to stay persistently high, well above the Fed's 2% target rate.
Fed is set to raise rates yet again. After that, then what?
The Federal Reserve is on track to raise its benchmark interest rate for the 10th time on Wednesday, the latest step in its yearlong effort to curb inflation with the fastest pace of hikes in four decades. Economists say Powell will likely hint that the Fed is edging closer to a long-awaited pause in its rate increases. Instead, he will probably stress that further rate hikes could happen if inflation were to stay persistently high, well above the Fed's 2% target rate.
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