Investors will focus on Fed Chairman Jerome Powell’s comments Wednesday about how high interest rates might rise beyond this year to combat inflation
Investors are watching Powell for clues on how high the central bank will raise rates beyond this year
The Federal Reserve's main tool for managing the economy is the federal-funds rate, which can affect not only borrowing costs for consumers but also shape decisions by companies like how many people to hire. WSJ explains how the Fed manipulates this one rate.
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