Fed faces pressure to pause rate hikes amid inflation concerns.
TL;DR Summary
The US Federal Reserve is expected to announce its 10th consecutive interest rate rise on Wednesday, with economists divided on whether it should stop raising rates. The US economy grew by just 1.1% YoY in Q1 2022, significantly less than economists' expectations of 2% growth. The European Central Bank is expected to raise its main rate for a seventh consecutive time on Thursday, while the Bank of England is widely expected to hike interest rates for a 12th time in a row next week. All central banks are battling rapidly rising prices, but the inflation story is not the same everywhere.
- Fed to raise interest rate again amid core inflation pressure The Guardian
- Lawmakers led by Democrats urge the Fed to halt rate hikes ahead of Wednesday's announcement CNBC
- Why the Fed will likely raise rates two days after First Republic failed CNN
- Is a Fed Rate Pause Coming? Watch These Words Bloomberg
- Markets keep assuming the Federal Reserve's next rate hike will be the last Washington Examiner
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