Fed Under Warsh Raises Rates, Betting On 2% Inflation By 2029
Wall Street now believes the central bank will tame inflation with only modestly higher borrowing costs, according to MarketWatch's read of the decision.
The Federal Open Market Committee under new Fed Chair Kevin Warsh raised interest rates, marking the seventh rate-hiking cycle since 1990, and investors are now studying that history for clues on what happens next to stocks.