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Fed lifts interest rates again but foresees only a ‘couple more hikes’ in its inflation fight

Por: MarketWatch Politics February 02, 2023

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Fed Chairman Jerome Powell said a “disinflationary” process is under way at a press conference after the decision. Yet he also reiterated the Fed needs to see “substantially more evidence” that price pressures are evaporating. U.S. stocks did an about-face and turned higher after Powell’s comments. The Fed’s initial public statement seemed to convey a sterner message, repeating its view that “ongoing increases” were needed “to... + full article



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