Latest Federal Reserve Interest Rates: Fed Pause Likely on SVB Fallout

Federal Reserve officials face their biggest challenge in months as they consider whether to continue raising interest rates this week to cool inflation or take a break amid market turmoil fueled by the latest bank crashes.

Before the breakdown Silicon Valley Bank and the resulting fallout Fed policymakers were poised to raise interest rates by as much as 50 basis points after a slew of data suggested the economy was much stronger than officials thought at the start of the year.

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