What is inflation?: Understanding why prices rise, what causes it and who it hurts most. Is a 2023 recession coming? Job growth likely to slow sharply, companies brace for impact The next Federal Reserve meeting will be held from March 2 to the 3. Will the Fed pause rates?: Some economists expect Fed to keep interest rates unchanged amid Silicon Valley Bank crisisĬredit card, mortgage and auto: See how much fed interest rates have affected how much you pay Federal Reserve 2023 Meeting Schedule March meeting details: March Fed interest rate decision after SVB collapse Looking ahead, this is when the Federal Reserve plans to meet for the rest of 2023. and global banking systems watch the fallout from the collapse of Silicon Valley Bank and Signature Bank last month. The trick is to moderate inflation without sending the economy into a recession, what economists call a " soft landing." The goal is to curb borrowing, cool off an overheated economy and fend off inflation spikes. The Fed lifts rates to raise the cost of borrowing for businesses and shoppers. The Fed will meet again next week to announce what is expected to be another hike.
That move, down from a half-point bump in December and in line with a rate increase in February, signaled a more positive outlook on stubbornly high inflation, but is not expected to be the last increase this year.
The Federal Reserve eased its foot off the brake earlier this year.Īt a meeting held in late March, Fed chair Jerome Powell announced a rate hike of 0.25 percent point.
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