The Fed forecasts two more hikes in 2023, taking rates as high as 5.6%

The Fed forecasts two more hikes in 2023, taking rates as high as 5.6%

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WASHINGTON, DC - MAY 03: Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal…

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