April 22, 2024
Image default
Business Politics

Inflation-fighting Fed expected to signal March interest rate hike

Published by

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

White House channels infrastructure funds to snarled ports


Searing US Capitol riot footage revives grim memories of violence


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


The End of Net Neutrality: Why You Should Care


Biden says Trump’s ‘web of lies’ poses ongoing threat to U.S. democracy


Jan. 6 Committee Releases Footage Of Rep. Loudermilk’s Tour Of Trump Supporters


Leave a Reply

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