Heard on the Street: Raising rates sharply could help the Fed get in front of inflation, but increases the risk of overcooling the economy
Raising rates sharply could help the Federal Reserve get in front of inflation, but raises the risk of overcooling the economy
The Federal Reserve's main tool for managing the economy is to change the federal funds rate, which can affect not only borrowing costs for consumers but also shape broader decisions by companies like how many people to hire. WSJ explains how the Fed manipulates this one rate to guide the entire economy. Illustration: Jacob ReynoldsInvestors were ready for the Federal Reserve to take a hawkish turn, and it delivered.
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