Fed raises interest rates for second straight month to clamp down on inflation
ederal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation—but risking a sharp blow to the economy.
While Fed officials maintain that they can manage a so-called “soft landing” for the economy and avoid a steep downturn, a number of analysts say it will take a recession with mounting unemployment to significantly slow price gains. Investors are now watching to see if the Fed slows the pace of rate increases at its next meeting in September, or if strong price gains pressure the central bank to continue with super-sized hikes.
Belgique Dernières Nouvelles, Belgique Actualités
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