Wall Street

The Week Ahead: Fed looking for the right number on interest rates

Published by
Miami Herald

What are 25 basis points worth? What message does a quarter percentage point rise in short-term interest rates send to investors, companies and consumers? This is a debate that will be on the table when the Federal Reserve’s interest rate setting committee meets around a big oval conference table in Washington in the week ahead. Is it a sign of aggressive focus on fighting inflation faster, putting up a brave front despite gathering worries about an economic recession? Or does it signal growing worries that inflation is becoming untethered and threatening to burn hotter and longer? The central…

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