Mixed Signals: Calls for Fed Rate Hike Pause Amidst Speculation of Extended Period
TL;DR Summary
BlackRock's Rick Rieder predicts that the Federal Reserve will raise interest rates by 25 basis points to a target range of 5% to 5.25% at its policy meeting on Wednesday, but may pause "for an extended period of time" to let its prior rate hikes "marinate through the system." Despite an early debt-ceiling deadline and regional-bank woes, the Fed is expected to proceed with the rate hike. US stocks fell ahead of the announcement.
- Fed may pause ‘for an extended period’ after rate hike: BlackRock’s Rick Rieder MarketWatch
- Fed Meeting Today: Dow Futures Edge Up as Investors Brace For Another Interest Rate Hike The Wall Street Journal
- Rep. Boyle calls for Fed rate hike pause to avoid 'completely unnecessary' recession MSNBC
- Daybreak: Fed May Hike Amid Calls for Hawkish Pause Bloomberg
- Fed Should Pause Rate Increases After This Week, Former Vice Chair Says The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
0 min
vs 1 min read
Condensed
47%
139 → 74 words
Want the full story? Read the original article
Read on MarketWatch