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Is the Fed Done Raising Rates?
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wsj.comFederal Reserve officials this past week raised interest rates to a 16-year high and signaled they might be done hiking them for now. But they didn’t say exactly how they will know when they have reached that point.
Fed Chair Jerome Powell said at a Wednesday press conference that policy makers will base the decision “on the totality of incoming data and their implications for the outlook for economic activity and inflation.”
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