Federal Reserve and the markets in standoff on rate hikes


File - Federal Reserve Chair Jerome Powell speaks during a news conference Wednesday, Dec. 14, 2022, at the Federal Reserve Board Building, in Washington. Nearly a year into the Fed's attempts to quash inflation by hiking interest rates at a blistering speed, Wall Street investors still don't fully believe what the Fed says is coming next. (AP Photo/Jacquelyn Martin,…

This story appeared on apnews.com, 2023-01-24.
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