With the Fed cutting rates for the first time since the financial crisis, there are a lot of monetary policy moves to monitor. You can count on "Fed Watch" to bring you all the latest updates on the economic data shaping central bank policies.
With the Fed cutting rates for the first time since the financial crisis, there are a lot of monetary policy moves to monitor. You can count on "Fed Watch" to bring you all the latest updates on the economic data shaping central bank policies.

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Fed Battles Inflation with Another Historic Rate Hike

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The Fed is moving expeditiously toward neutral, raising interest rates another 75 basis points and matching June's hike, which was the most in three decades. During his press conference, Fed Chair Jay Powell told journalists that he does not think the U.S. is currently in a recession, but he warned that nothing works in the economy without price stability. Powell said the Fed could do another unusually large rate hike in September, but it all depends on the data.

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