The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
Tag: Banking and Financial Institutions
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Markets Extend Gains as Focus Turns to Fed Meeting
Relief over recent financial rescue measures pushed stocks up for a second day, as investors prepared for a pivotal decision on interest rates.
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Where High Interest Rates Have Sent Home Prices Sliding
In Sweden, the central bank’s fight against inflation is crimping economic growth and has contributed to a 15 percent drop in home prices.
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Fate of First Republic Uncertain as Shares Continue to Slide
A $30 billion cash infusion and a frantic effort to sell a stake in the bank to raise additional funds has done little to calm investors and depositors.