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

LBM Daily News
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…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

62 percent of Americans worried about paying for housing in the next year: poll
Chinese property developers’ cash flows have plunged by more than 20%
Biden Signs Massive Climate and Health Care Legislation
Atlantic Great Dane President Acquires Dealership
Average Gasoline Price Falls 45 Cents to $4.10 per Gallon