The Federal Reserve is expected to raise interest rates on Wednesday by a quarter point, but it must also reassure markets it can contain a Banking Crisis. Economists mostly expect the Fed will increase its fed funds target rate range to 4.75% to 5% on Wednesday afternoon, though some expect the central bank could pause its hiking due to concerns about the banking system. The fear is that rising rates could put further pressure on banking institutions and crimp lending further, hurting small businesses and other borrowers.
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