Federal Reserve Chairman Jerome Powell wants you to know the American banking system is safe and he will get inflation under control. If we’re all lucky, maybe both will turn out to be true. That’s the optimistic take, anyway, on what you might call the Fed’s thread-the-needle policy meeting this week.
The Federal Open Market Committee (FOMC) pressed ahead Wednesday with a quarter-point increase to the fed funds rate, bringing the target range to 4.75%-5%. This was less than the half-point increase markets had expected before the recent bank panic, and it came with a softening of the FOMC’s language about possible future rate hikes. The quarterly summary of economic projections by Fed officials released Wednesday still foresees the rate topping out at 5.1% this year, so the rate-rising cycle appears to be one more and done.
Already a subscriber? Sign In
- DoorDash:
Up to $20 off + free delivery on all orders with DoorDash coupon code - SHEIN:
30% off using this SHEIN coupon code - Vitacost:
Knock 20% off your purchase of on Spring Cleaning Products with Vitacost Coupon Code - Nike:
Nike promo code: Get up to 25% off your purchase - Wayfair:
Wayfair Coupon - 20% Off - Walmart:
Walmart Spring Coupons, Sales, Deals & Rollbacks - Up to 80% off
