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Federal Reserve Raises Interest Rates

Federal Reserve Raises Interest RatesPlay video: Federal Reserve Raises Interest Rates

The Federal Reserve said it would lift interest rates and penciled in a series of further increases this year aimed at stopping the economy from overheating and reducing inflation that is running at its highest levels in four decades.

U.S. stocks climbed in a volatile session Wednesday. The indexes initially pared their gains in the wake of the Fed’s announcement before rebounding during Chairman Jerome Powell’s news conference. Bond yields jumped.

• Powell Notes Economy’s Strength
• Powell Doesn’t Foresee a Recession
• Fed Raises Interest Rates
• Fed Meets Expectations With Rate Rise
• Bullard Dissents in Favor of 50-Basis-Point Rate Rise
• Markets React to the Fed in 4 Charts
• Stocks Typically Fall the Month After the Fed Kicks Off Rate Increases
• Fed Officials Boost Inflation Forecast by More Than Expected
• Jerome Powell’s Re-Nomination Set to Advance
• Powell’s Wild Tenure as Fed Chair Enters New Chapter
• Before Rate Liftoff, Borrowing Costs Rise

READ MORE HERE: https://www.wsj.com/livecoverage/federal-reserve-meeting-inflation-march-2022