Interest rates are likely heading higher once again. The Federal Reserve did not raise its benchmark interest rate at its previous meeting. But many investors expect Fed officials will increase the rate by a quarter percentage point when they meet on Wednesday. Wall Street is hoping that the central bank will then hold rates steady […]
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Interest rates are likely heading higher once again
Interest rates are likely heading higher once again. The Federal Reserve did not raise its benchmark interest rate at its previous meeting. But many investors expect Fed officials will increase the rate by a quarter percentage point when they meet on Wednesday. Wall Street is hoping that the central bank will then hold rates steady for the rest of 2023. In a bid to fight inflation, the Fed has aggressively raised rates from near zero over the past two years. GC, Wash.