Chancellor's Advisers Warn Of Rate Hike Risks And Fed Drops Recession Forecast
Bloomberg Daybreak: Europe Edition
00:00
The Federal Reserve's 25-Basis Point Rate Raising
The Federal Reserve has raised interest rates by another 25 basis points to the highest level in 22 years. The market reaction overall though has been pretty muted to chair Jerome Powell. Some attention being paid to Powell's comments that inflation wouldn't come back to target until 2025. When exactly are those rates going to start coming down? Certainly doesn't look like it's going to be by the end of this year.
Transcript
Play full episode
