November 5, 2024

What to expect from the Fed meeting as Powell faces a legacy-defining moment

Powell #Powell

Countdown to Fed’s big decision on interest rates

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The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability.

Investors and economists had widely anticipated the quarter-point increase — or even a pause — amid the meltdown in the banking sector.

This story is developing and will be updated.

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