Morning Wire Federal Interest Rates Rise & Manhattan’s Grand Jury | Afternoon Update | 3.22.23
Mar 22, 2023
The discussion kicks off with the Federal Reserve raising interest rates to combat inflation while navigating international tensions, especially involving China and Russia. Next, Israel's potential military maneuvers against Iran are scrutinized, alongside critiques of government oversight during the baby formula crisis. Adding a historical twist, a significant Roman archaeological discovery in England sparks intrigue, showing how past and present collide in unexpected ways.
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Federal Reserve Raises Interest Rates
- The Federal Reserve raised interest rates by a quarter of a point to combat inflation and banking system turmoil.
- This pushed interest rates to a range of 4.75 to 5 percent, with one more rate increase forecasted for 2023.
Trump Indictment Delayed
- The Manhattan grand jury investigating Donald Trump over alleged hush money payments delayed a potential indictment.
- A vote on the indictment is not expected this week.
Xi Jinping Visits Moscow
- Xi Jinping visited Moscow to strengthen economic cooperation with Russia.
- They signed statements promoting economic ties and urging the international community to support responsible dialogue.