7/14/2023 0 Comments Pauses crosswordThe banking upheaval might have played a role in the Fed’s decision Wednesday to consider a pause. All three failed banks had bought long-term bonds that paid low rates and then rapidly lost value as the Fed sent rates higher. The surge in rates has contributed to the collapse of three large banks and turmoil in the banking industry. “Inflation pressures continue to run high, and the process of getting getting inflation back down to 2 percent has a long way to go,” the Fed chairman, Jerome Powell, said at a news conference. Inflation has fallen to 5 percent in March from a peak of 9.1 percent in June but remains well above the Fed’s 2 percent target rate. Still, the Fed’s statement offered little indication that its string of rate hikes have made significant progress toward its goal of cooling the economy, the job market and inflation. The Fed’s latest move, which raised its benchmark rate to roughly 5.1 percent, could further increase borrowing costs. The Fed’s rate increases since March 2022 have more than doubled mortgage rates, elevated the costs of auto loans, credit card borrowing and business loans and heightened the risk of a recession. It replaced it with language that said it will consider a range of factors in “determining the extent” to which future hikes might be needed. In a statement after its latest policy meeting, the Fed removed a sentence from its previous statement that had said “some additional” rate hikes might be needed. Yet the Fed also signaled that it may now pause the streak of 10 rate hikes that have made borrowing for consumers and businesses steadily more expensive. Alpha's opposite crossword clue report this ad DisclaimerĪll intellectual property rights in and to Crosswords are owned by The Crossword's Publisher.WASHINGTON - The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.Independent divisions, in corporate jargon crossword clue.Disney film set in imperial China crossword clue.Incline that affords access crossword clue.Wasn't overturned, as a ruling crossword clue.Quiet fitness discipline crossword clue.Opposite of 1-, 4- and 5-Across crossword clue."I am woman, hear me _" crossword clue.Theater award that sounds like 15-Across crossword clue.Buckwheat noodles in Tokyo crossword clue.Early home for Abraham Lincoln crossword clue.Ballpark snack topped with cheese sauce crossword clue.1904 Nobelist who wrote "Conditioned Reflexes" crossword clue."_ to Autocorrect" (Martha Silano poem) crossword clue._ Mai, singer with the 2018 hit "Boo'd Up" crossword clue."This Old House" network crossword clue.The _ Five (nickname for the "Queer Eye" cast) crossword clue.✌, in a silly group photo crossword clue.✌, from Winston Churchill crossword clue."404 Not Found," e.g., in computing crossword clue.Frequent descriptor for 9-Across crossword clue.Implement for eating soup but probably not for stirring coffee crossword clue."Shoulda listened to me!" crossword clue. Tennis shot that might be smashed back crossword clue.
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