147: So the Fed is pausing the rate hikes, just to raise them later !?!?
Episode description
After its sharpest flurry of interest rate hikes in four decades, the Federal Reserve held its key rate steady Wednesday but signaled two more increases are likely this year as officials continue to battle high inflation.
That’s more projected hikes than financial markets and many economists anticipated.
The decision leaves the benchmark rate at a range of 5% to 5.25%. It marks the first meeting at which the central bank hasn’t raised its federal funds rate since January 2022.
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