Fed meeting live updates: Anticipation builds with Fed expected to hike interest rates for first time in 3 years
The market has priced in a roughly 93% chance that the Fed will raise rates by 25 basis points at tomorrow’s meeting as Kevin Warsh’s FOMC attempts to rein in inflation. That may disproportionately hit the bottom of America’s “K-shaped” economy, raising debt service costs without providing legitimate relief, according to Yung-Shin Kung, CIO of … Read more