2 experts on implications of more interest-rate rises in 2023
Federal Reserve chair Jerome Powell speaks during a news conference on Wednesday after announcing interest rates climbed another 25 basis points. Photo courtesy of the Federal Reserve.
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Thursday, Feb. 2, 2023, 04:16 PM
Nick Zulovich, Senior Editor
While smaller than the increases policymakers unfurled last year, the Federal Reserve made the expected move on Wednesday of pushing the target for the Federal Funds Rate up by another 25 basis points to the 4.50% to 4.75% range. The move is likely to make it more challenging both for consumers to secure auto financing […]