Topline
The Federal Reserve continued its aggressive rate-hiking campaign on Wednesday but opened the door to keeping rates flat at future meetings—a sign the central bank may believe risking more unease in the banking sector could pose a greater threat to the economy than lingering high inflation.
Key Facts
At the conclusion of its two-day policy meeting on Wednesday, the Federal Open Markets Committee said it would raise the federal funds rate (the rate at which commercial banks borrow and lend reserves) by 25 basis points to a target range of 5% to 5.25%—the highest level since September 2007.
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