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  • Fed Expected to Hike Rates a Quarter Point Next Week in Economist Survey

    From bnnbloomberg.ca

    Most economists narrowly expect the Federal Reserve to hike rates next week and nudge its peak interest rate up slightly in a continuing response to high inflation despite concerns that a banking crisis could have broader economic impact. The Federal Open Market Committee will raise rates by a quarter point at its March 21-22 meeting and at its next two gatherings to a 5.25%-5.5% range, according to economists surveyed by Bloomberg News. Chair Jerome Powell had hinted last week at an even more aggressive stance as he said the policy group might raise interest rates higher than previously expected and at a potentially ... (full story)

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