March Fed. interest rate decision due today after SVB collapse

Before the recent bank failures, some economists and policymakers had been calling on the Fed to stop hiking interest rates over fears it could cause a recession. Even with signs that the U.S. economy was cooling off and that soaring prices were slowing, Fed officials, including Chair Jerome Powell, signaled the central bank would likely raise interest rates by as much as a 50 basis point at its March meeting to continue curbing stubborn inflation. Today, America should get the answers.