US Fed likely to make final interest rate hike in May, and other economy stories you need to read this week

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US Fed likely to make final interest rate hike in May, and other economy stories you need to read this week
News & Feeds

US Fed likely to make final interest rate hike in May, and other economy stories you need to read this week

The US Federal Reserve will deliver a final 25-basis-point interest rate increase in May and then hold rates steady for the rest of 2023, according to a Reuters poll of economists. The poll also showed that a short and shallow US recession is likely this year. chart Worries about an economic downturn, which the Fed also highlighted at its 21-22 March policy meeting, and concerns about banking sector stress have encouraged markets to price in at least a 25-basis-point cut by the end of 2023. But a rate cut looks less likely than higher rates in the face of inflation that is running well over twice the Fed’s 2%

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https://www.weforum.org/agenda/2023/04/economy-stories-you-need-to-read-this-week/