Tag: debt

[ad_1] The Federal Reserve is winning the battle against high inflation, but the fight is not over yet, a parade of senior bank officials told Wall Street this week. Why the stern lecture? Fed insiders appear to have been taken by surprise by a big market rally after the central bank left a key short-term interest rate unchanged last week. Stocks jumped to a record high and long-term rates fell sharply. Giddy investors viewed the Fed decision and encouraging words from its chair, Jerome Powell, as a sign the central bank would begin to cut interest rates starting in March ... Read more