Federal Open Market Committee
is expected to raise rates by a half point at the conclusion of its two-day policy meeting on Wednesday, and also announce plans to reduce the size of its bloated balance-sheet. The panel will issue its statement at 2 p.m. in Washington. Powell will hold his first in-person press conference in two years 30 minutes later.
JPMorgan Chase & Co.’s chief Jamie Dimon said the Fed should have moved quicker to raise rates as price pressures hit the global economy. The central bank should target inflation of 3% or 4% rather than focusing on tightening policy to the degree needed to ease annual price increases to its current 2% goal, Nobel laureate Paul Romer noted.
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MARKET WRAP: JSE tracks weaker global peers ahead of Fed’s policy decisionA 50 basis-point increase is already priced in and investors will be focusing on the US central bank’s next steps to tame inflation Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07
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