The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis

Posted on AllSides March 21st, 2023
From The Center
Banking and Finance, Federal Reserve, Interest Rates
Jonathan Ernst | Reuters

The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but it also faces the tough task of reassuring markets it can stem a worse banking crisis.

Economists mostly expect the Fed will raise its fed funds target rate range to 4.75% to 5% Wednesday afternoon, though some expect the central bank could pause its hiking due to concerns about the banking system. Futures markets were pricing in a roughly 80% chance for a rate hike, as of Tuesday morning.

The central bank is contemplating using...

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