Fresh signs of a hot U.S. labor market leave the Fed on course to raise interest rates by a quarter percentage point at its meeting next month—and to signal another increase is likely after that
Officials seeking to fight inflation could face tricky decisions if wage growth slows and hiring stays strong
Federal Reserve Chair Jerome Powell said Wednesday the central bank will raise interest rates a quarter percentage point. Powell said more increases will likely be needed to continue lowering inflation. Photo: Kevin Dietsch/Getty Imagesleave the Federal Reserve on course to raise interest rates by a quarter percentage point at its meeting next month and to signal another increase is likely after that.by a quarter point to a range between 4.5% and 4.75%.
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