Fed rate hikes still on table despite market turmoil

FOMC takes more dovish tone

clock • 1 min read

The Federal Reserve (Fed) has indicated it may still go ahead with further rate hikes this year, contrary to industry expectations.

In its monthly meeting, the Federal Open Market Committee (FOMC) took a more cautious tone than in December. It reduced its target for full employment from 5% to 4.9% and said it expected inflat...

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