47.55 F
Springfield
December 6, 2022
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

Ketanji Brown Jackson Confirmed By Senate As First Black Woman On Supreme Court

The_Proponent

Biden on cusp of White House victory with key results due soon

The_Proponent

Trump demand for extra Biden debate rejected

The_Proponent

Former US presidents denounce Capitol violence

The_Proponent

Ukraine reports Russian attacks from multiple directions

The_Proponent

Blinken names two officials to lead U.S. response to Havana Syndrome cases

The_Proponent

Leave a Reply

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

%d bloggers like this: