Fed threads the needle on inflation vs. banking volatility, bumps interest rate .25%

The U.S. Federal Reserve Board entered its meeting this week to consider further adjustments to its benchmark lending rate facing a harsh fiscal double bind. Continue its streak of interest rate hikes to battle ongoing U.S. inflation or ease up on the gas in an attempt to calm banking sector volatility that has been driven, at least in part, by escalating interest rates? As was widely expected, the Wednesday decision was to split the difference with a .25% upward adjustment to its overnight lending rate. The Fed has now executed...