Deadly Sins by Jack Steel5/10/2023 ![]() ![]() The pace of inflation has been declining slowly, which has caused some Fed officials to doubt whether interest rates have been raised enough to manage it effectively. ![]() However, the upcoming statement and Powell's explanation of it will need to address a series of risks that have become increasingly conflicting. ![]() EDT (1800 GMT), and Fed Chair Jerome Powell is scheduled to address reporters thirty minutes later. The policy statement is set to be issued at 2 p.m. central bank to increase interest rates by a quarter of a percentage point at the end of its two-day policy meeting. This decision comes as policymakers weigh the importance of curbing inflation with various risks, including bank failures and the potential for a U.S. On May 3, the Federal Reserve is anticipated to increase interest rates and possibly indicate a break in its 14-month tightening policy cycle. The Federal Reserve is expected to increase interest rates despite the presence of growing economic risks. ![]()
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