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Largest Fed Rate Hike in 16 Years
May 5, 2023
Following a streak of 10 rate hikes, with the most recent quarter-point hike marking the largest in 16 years, the Fed has alluded to a pause in interest rates.
Spencer Wineman explains how this signal from the Fed comes after the failure of three large banks since March, and with the hope that an anticipated pause in interest rates will ease banking concerns.
