would follow the European Central Bank's decision
to stick with its own aggressive rate hike, as concern over high inflation outstripped fears of a global banking crisis. After the ECB's 50-basis point hike and signs the banking crisis is abating, traders of U.S. rate futures firmed up bets on Thursday that the Fed will raise interest rates by 25 basis points next week, and slashed the probability of a pause to about one chance in five.
The U.S. central bank has raised its benchmark overnight interest rate by 450 basis points since last March. Other reports over the past week showed a still-strong labor market despite some cooling in wage growth, and consumer prices rising at a 6% annual rate last month, slower than in January but still far higher than the Fed's 2% target.Money markets have swung wildly in recent days amid a whirlwind of news suggesting rate hikes may have driven the banking sector to a breaking point, from the collapse of two large regional U.S.
If you would like the Fed to stop raising interest rates - take a break on buying stuff for a month.
oh my god that sounds bad
I read the day it was insane and sure caused social panic
They have no choice - they do anything else; fear will end the charades.
BuildBackBetter 🤡🤡🤡
Gotta keep trying to get more productivity out of fewer workers. Unemployment makes for good profits for shareholders. Our country has been going downhill ever since the federal government allowed corporations.
At this time, it seems irresponsible to push forward with more raises given the precarious situation facing banks.
Will raising interest rates be a good fight against inflation?
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Source: Reuters - 🏆 2. / 97 Read more »