November 21, 2024
Image default
Business Politics

Inflation-fighting Fed expected to signal March interest rate hike

Published by
Reuters

By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve is expected on Wednesday to signal plans to raise interest rates in March as it focuses on fighting inflation and sets aside, at least for now, economic risks posed by the ongoing coronavirus pandemic, a bout of market volatility, and Western fears of a Russian invasion of Ukraine. The policy decision, due to be released at 2 p.m. EST (1900 GMT) after a two-day meeting, won’t commit the U.S. central bank to a particular course of action when its rate-setting committee meets again in seven weeks, and for now the benchmark overnight i…

Read More

Related posts

Senate votes unanimously to have Daylight Saving Time year round

The_Proponent

Wall Street downplays worries in wishful start to 2022

The_Proponent

Dollar rises on Fed expectations, Omicron worries ease

The_Proponent

EU to hit Russia with new sanctions over ‘barbaric attack’ on Ukraine

The_Proponent

Former US presidents denounce Capitol violence

The_Proponent

Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021

The_Proponent

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.