U.S. Fed raises rates but signals possible pause to assess bank failures
by a quarter of a percentage point and signaled it may pause further increases, giving officials time to assess the fallout from recent bank failures, wait on the resolution of a political standoff over the U.S. debt ceiling, and monitor the course of inflation.
But the accompanying policy statement dropped language saying that its rate-setting Federal Open Market Committee still “anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to returnFirst Republic seizure: What does the latest U.S.
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