Nick Timiraos, chief economics correspondent of The Wall Street Journal and known as the "Fed's mouthpiece," said: The Fed raised interest rates by another 25 basis points, but hinted that turmoil in the banking system may end its rate hike earlier than expected two weeks ago.
Fed officials hinted in their post-meeting policy statement that they may soon stop raising interest rates. The committee expects that some additional policy tightening may be appropriate. They abandoned the language used in the previous eight statements that the committee expected "continued rate hikes" would be appropriate. (Jin Shi) #airdrop
