The latest policy meeting readout, by contrast, said that "all participants judged it appropriate to maintain" the current rate setting, a stance that will be clarified at the Fed's Dec. 12-13 meeting when policymakers issue a new set of detailed projections for interest rates and the economy.
The Fed is widely expected to approve the 11th interest rate hike since March 2022 this on July 26, taking the borrowing rate to its highest level in 22 years. What risks is the move fraught with?
Federal Reserve Chair Jerome Powell said that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large US banks this spring.
As the Euro-US-centric world faces the double trouble of stagflation, it should teach the teachers not to compromise with the principles they preach to the world