Federal Reserve System – Page 44

Will the Fed Raise Interest Rates During a Banking Crisis?

The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.

Relief over recent financial rescue measures pushed stocks up for a second day, as investors prepared for a pivotal decision on interest rates.

Investors are still spooked after UBS bought its Swiss peer, with confidence in the banking sector in short supply.

The Federal Reserve will decide whether and by how much to raise interest rates this week at a moment when its path ahead is newly fraught.

Swiss regulators announced that UBS, Switzerland’s largest bank, would take over the troubled Credit Suisse.