Business & Economy · 1 views
Here are five key takeaways from Wednesday's Fed rate hike
The Federal Reserve on Wednesday delivered a much-expected interest rate hike, and Chairman Kevin Warsh followed with a notably terse news conference at which he stressed policymakers' staunch commitment to tackling inflation.
Summary
The Federal Reserve on Wednesday delivered a much-expected interest rate hike, and Chairman Kevin Warsh followed with a notably terse news conference at which he stressed policymakers' staunch commitment to tackling inflation. "This is unlikely to be the end of Fed rate hikes …. It's hard to look at roughly 4% unemployment and a core PCE forecast of 3.5% and say the Fed shouldn't be focused on inflation.
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