The Federal Reserve is set to decide whether to raise the cost of borrowing again, or to leave well enough alon VERBATIM: Chairman Jerome Powell will announce the Fed’s decision on interest rates on Wednesday, at the close of the central bank’s latest two-day policy meeting. The widely-held consensus among traders and analysts is that […]
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The Federal Reserve is set to decide whether to raise the cost of borrowing again, or to leave well enough alon
The Federal Reserve is set to decide whether to raise the cost of borrowing again, or to leave well enough alon
VERBATIM:
Chairman Jerome Powell will announce the Fed’s decision on interest rates on Wednesday, at the close of the central bank’s latest two-day policy meeting. The widely-held consensus among traders and analysts is that rates will stay where they’re at for now. There’s concern that raising rates too high too fast could tip the economy into recession. While Citibank economists do NOT expect a rate hike this time, they predict a quarter point increase in November. Rich Thomason reporting.