Hello. Fed rate hikes moderate, Credit Suisse revamps business and Britons face the worst strikes in more than a decade. Here’s what people are talking about.
Federal Reserve officials again seem poised to moderate interest rate hikes, with Chairman Jerome Powell keeping further hikes on the table while relying on bets they will cut later this year. The policy-setting Federal Open Market Committee is expected to hike rates by 25 basis points after its two-day meeting on Wednesday, taking its benchmark to a target range of 4 .5% to 4.75%. The move would be another step down for officials, who raised rates by 50 basis points in December, following four 75 basis point hikes last year.