FT News Briefing The Fed passes on a pause
Mar 23, 2023
The Federal Reserve continues its quest for monetary tightening, hiking interest rates despite banking sector challenges. The complexities of this decision and its economic implications are dissected. Meanwhile, the Financial Times announces updates to its MBA rankings, emphasizing sustainability and entrepreneurship. These changes reflect a shift in priorities among business schools, alongside the growing significance of personal values in educational choices.
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Fed Rate Hike
- The Federal Reserve raised interest rates by 0.25%, despite the banking sector turmoil.
- The banking crisis might ease the Fed's job by slowing growth and cooling inflation.
Powell's Confidence
- Despite recent bank stock drops and uncertainty, Powell expressed confidence in the U.S. banking system's resilience.
- This confidence stems from having tools to address problems and prevent contagion.
Nicholas's MBA Journey
- Nicholas Bilcik, an electrical engineer and consultant, sought an MBA to work in clean tech or entrepreneurship.
- He prioritized schools near New York City with good placement, data, and rankings.