Business / Economy Jun 15, 2023
Fed chief dances between pause and hikes in communication two-step
The surprisingly high projections may reflect a return to the Fed’s strategy of cooling a resilient economy while slowing its tightening campaign.
The surprisingly high projections may reflect a return to the Fed’s strategy of cooling a resilient economy while slowing its tightening campaign.
Federal Open Market Committee voters have to decide whether to continue the inflation fight or try to cushion a slowing economy.
Worries in the aftermath of the SVB and Signature Bank failures have led markets to a broad repricing of the U.S. Federal Reserve’s interest-rate path.
The world economy may be shifting to a more difficult era where interest rates will be higher, geopolitical tensions greater and uncertainties more pronounced.
In an abrupt shift, the Fed sped up the drawdown of its asset-purchase program and laid out a plan for a series of interest-rate increases over the coming years.