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31.03 - 07:03
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Pro Take: The Fed Hits Inflation With Ninth Rate Hike as Banks Reel
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The Federal Reserve on Wednesday stuck with its inflation fight as banks and regulators sort out the Silicon Valley Bank mess that has spread fear throughout the banking sector.
Its quarter-percentage-point interest-rate increase, though smaller than most of the hikes seen over the last year, feels like it packs more of a punch amid worries about the health of banks. But Fed Chairman Jerome Powell made clear that the Fed, even though it considered a pause, isn’t bowing out of its inflation battle.
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Regional bank shares fall as Fed persists with rate hikes despite industry turmoil cnbc.com /1 year ago
Fed hikes rates by a quarter percentage point, indicates increases are near an end cnbc.com /1 year ago
Here's what changed in the new Fed statement cnbc.com /1 year ago
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