Fed on Track for Half-Point Hike in May as Hawkish Pivot Deepens

Financial

(Bloomberg) — Federal Reserve officials are reinforcing expectations they’ll raise interest rates by a half percentage-point next month, accelerating a hawkish pivot to curb the hottest inflation in four decades.Most Read from Bloomberg“I think that’s a reasonable option for us because the federal funds rate is very low,” Federal Reserve Bank of New York President…

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