Fed hikes rates, leaves the option of a tightening cycle halt

With what could be the last in a record run of interest rate hikes and a heightened focus on credit and other economic vulnerabilities, the Federal Reserve entered a new phase in its management of the post-pandemic economic recovery on Wednesday. As expected by the financial markets, the Federal Reserve increased its benchmark overnight interest rate by a quarter of a percentage point, to a range of 5.00%-5.25%. However, the Fed removed langua....