... the Fed is likely to raise interest rates by 0.25 percentage points to a range between 5% and 5.25%. According to the CME's FedWatch Tool, there is an 88% probability that the Fed will raise rates this week.
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Investors will scrutinize what Fed Chair Jerome Powell says about future interest rate increases. Karen Dynan, a former chief economist at the Treasury Department who is now at Harvard University, told the Post, “The interesting thing is what they’re going to signal about the future, whether they’re going to change their rhetoric” to a less hawkish stance.
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Experts have different views of what will happen next — none of which are bullish on the banking system or the economy.
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