Breaking: The Fed raised interest rates by a quarter point and signaled it could be done lifting rates for now
What’s next as First Republic Bank is sold to JPMorgan? Also, the Fed meets two days before the latest U.S. nonfarm payrolls report and right in the middle of a slew of earnings reports. WSJ’s Dion Rabouin explains.
Photo: Brendan McDermid/ReutersWASHINGTON—The Federal Reserve approved another quarter-percentage-point interest-rate rise and signaled it could be done lifting rates after that.aimed at battling inflation and will bring its benchmark federal-funds rate to a range between 5% and 5.25%, a 16-year high.
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