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22.11 - 13:05
20.11 - 23:07
Federal Reserve Chief Tells Markets to Focus on Interest-Rate Endpoint
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Federal Reserve chairman Jerome Powell had one overriding message for markets Wednesday: Stop obsessing over how fast rates are rising, and start focusing on how high they get.
This was a necessary message, but a discouraging one. That’s because Mr. Powell also said that the final resting place for the Fed’s interest-rate target—dubbed the “terminal rate”—is going up.
Read more on wsj.comAbout this in other media
Bank of England Raises Key Interest Rate by 0.75 Point wsj.com /1 year ago
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates wsj.com /1 year ago
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