Officials didn’t raise rates this week but Federal Reserve Chair Jerome Powell’s phrasing during a press conference hinted that his default position for now is to raise rates in July
June 15, 2023 8:33 am ETFederal Reserve Chair Jerome Powell said on Wednesday that the central bank will leave its benchmark interest rate unchanged following 10 consecutive
increases. Photo: Sarah Silbiger/Bloomberg Newswhile projecting more increases ahead reflected a compromise that makes a hike next month more likely, analysts said after Chair
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$1 trillion deficit a sobering reality for big-spending feds as revenue dropsUncle Sam’s income has plummeted this year, sending the federal deficit spiraling deeper into the red than analysts had predicted and leaving officials grasping for answers.
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