Fed Set to Raise Interest Rates to 16-Year High and Debate a Pause

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Fed Set to Raise Interest Rates to 16-Year High and Debate a Pause
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Fed officials are on track to increase interest rates again at their meeting this week while deliberating whether that will be enough to then pause the fastest rate-raising cycle in 40 years

at their meeting this week while deliberating whether that will be enough to then pause the fastest rate-raising cycle in 40 years. “We are much closer to the end of the tightening journey than the beginning,” Cleveland Fed President Loretta Mester said April 20.

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