Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Powell sees higher peak for interest rates, says Fed prepared to speed up if needed

Futures markets anticipate Fed officials will raise rates by a quarter percentage point

Bloomberg News

Federal Reserve Chair Jerome Powell said the US central bank is likely to raise interest rates higher than previously thought and is prepared to speed up the pace of hikes if economic data warrants. “Although inflation has been moderating in recent months, the process of getting inflation back down to 2 percent has a long […]

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