Federal Reserve says it may stop interest rate hikes as banking concerns linger

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Federal Reserve says it may stop interest rate hikes as banking concerns linger
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Federal Reserve Chairman Powell says the Fed 'may not be far off, or possibility even at' the level where it may not have to raise rates further.

consecutive meeting, but signaled those hikes might be done — thanks in part to jitters in the banking system.

The central bank expects banks to be more conservative in lending to households and businesses after the failures of three of the nation’s 30 largest banks in just the last two months.

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