The Federal Reserve kept U.S. interest rates unchanged but signaled that borrowing costs will likely rise by another half of a percentage point by the end of this year.
A whole load of horse crap! The markets are not there to be messed with. If everything is going up only because of cheap loans, of course if interest rates goes up everything will crash down. But now it's stubbornly high meaning everything is still ok until rates goes up higher that will cause a recession, is that necessary or planned?
FED should rise hike to cool the stubborn inflation further rather than wait and see... They have been seeing that for last 12 months. Pause and likely increase next month will not meet their objective.
A Guide to the Fed's Interest Rate Decision: Pause With Option to Hike
Federal Reserve policymakers are poised to pause their hiking of interest rates for the first time i
US economy sinking in tornado force. Raising rate to curb inflation is just a drama. They know as now traditional way in relation ratecut and inflation no longer working. What they do is find a way to strengthen dollar. To the stage, rate hike will halt US economic as whole. Till than 2024
Jerome Powell's Big Problem Just Got Even More Complicated
Federal Reserve Chair Jerome Powell finds himself in a place no central banker wants to be: working to avert a credit crunch, which calls for looser monetary policy, while fighting high inflation, which demands the opposite.Strains in the banking industry, which followed the collapse of three midsize lenders this spring, help explain why some central bank officials are leaning toward holding interest rates steady at their meeting this week -- even though the economy and inflation haven't slowed as much as they expected.Fed officials don't think a crisis is imminent, attributing recent troubles to idiosyncrasies at the three banks. But current and former central bankers say if stresses worsen, the Fed will face a more difficult trade off. Powell and his colleagues would have to choose between focusing on failing banks or high inflation.Bank supervisors didn't quickly spot how those rising rates had created a dangerous mismatch between some ba