Despite speculation that the Fed would pause interest rate hikes, the central bank has announced a rate hike of 0.25 percentage point.
When the Federal Reserve changes its benchmark rate, everything from credit cards to savings accounts can be affected.
Citing earlier data showing that inflation has reversed the deceleration in late 2022, Powell warned of tighter monetary policy ahead.
Hoffman cited a desire to invest in companies using OpenAI’s software, which would cause a conflict of interest, he said in the post.
CNBC’s Jim Cramer on Wednesday warned investors that interest rates haven’t peaked. Here are three things that need to happen first.
UBS’ fourth-quarter profit beat market expectations, but the Swiss banking giant warned of an “uncertain” year ahead.
The central bank official said during a Council on Foreign Relations event in New York that the Fed can dial down on the size of its rate hikes.
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