-
The Fed may have changed the market forever.
The US Federal Reserve (Fed) on Wednesday said that it plans to raise interest rates and limit the economy until prices come down, because it’s worried that rapid inflation will last. “Reducing inflation is likely…to require a sustained period of below-trend growth and softening of labour market conditions,” Fed Governor Jerome Powell said. It is…
-
The Fed wont be affected by global rate moves.
The US Federal Reserve (Fed) has raised its key interest rate by a quarter-percentage point for the fourth time this year, taking it to 3%. This is the highest level in more than six years. “We’re deeply concerned…your interest rate hikes…risk slowing…economy to a crawl while failing to Slow rising prices…that continue to harm families,”…