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Fed raises rates again but signals a future pause amid banking sector uncertainty

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The Federal Reserve raised interest rates again, its tenth consecutive hike, this time by a quarter of a point. But Chairman Jay Powell also suggested the Fed may pause future hikes if the economy continues to cool. He cited the state of the job market as to why he's optimistic the rate increases won't tip the economy into a recession. Amna Nawaz discussed the latest with David Wessel.

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Category
U.S. & Canada
Tags
Jerome Powell, Federal Reserve, Interest rates
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