What to Know Ahead of the Fed's Interest-Rate Decision [Yahoo! Finance News]
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Source: Yahoo! Finance News
BloombergWhat to Know Ahead of the Fed's Interest-Rate Decision4Steve MatthewsMarch 21, 2023, 10:16 PM·5 min read(Bloomberg) -- All eyes in the financial and economic world will be laser-focused Wednesday on the Federal Reserve as Chair Jerome Powell tries to balance his fight against inflation against a sudden banking crisis.Most Read from BloombergPowell and his colleagues began their meeting Tuesday with the outcome unusually unclear. While most economists expect a quarter-point interest-rate hike, some say policymakers should pause to shore up financial stability.“This tension is leading to existential angst,” said Derek Tang, an economist at LH Meyer/Monetary Policy Analytics in Washington. “Have they gone too far, or not far enough? Both could be true at the same time.”Another important element of this week’s meeting: Policymakers are set to issue updated rate projections for the first time since December, offering crucial guidance on whether they still expect any additional hik
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