Year-End Shocks and High Rates Heighten Recession Risk – September 2023
As expected, the Federal Reserve held rates steady at the September 19-20 policy meeting, following 11 hikes over the last 18 months that lifted short-term rates from near zero to a range of 5.25% – 5.50%. The jury is still unsure whether the central bank has reached the end of the rate-hiking cycle aimed at […]