2024 Interest rates hike today - WASHINGTON (AP) — Inflation may be cooling — just not yet fast enough for the Federal Reserve. Chair Jerome Powell offered a nuanced view Wednesday of how the Fed intends to address its core challenge at a time when inflation is both way below its peak but still well above the central bank’s 2% target: Give it more time, and maybe some help from additional interest rate hikes.

 
The unemployment rate is envisioned to jump to 4.6 per cent by the end of 2023, from 3.7 per cent today. That would mark a significant increase in joblessness that typically would reflect a recession.. Interest rates hike today

Conversely, another group of analysts predicts that the SARB will opt for a 25 basis point hike, pushing the repo rate to 8.5%. Such a move could prove burdensome to indebted consumers, who have already experienced the cumulative impact of a 4.75% interest rate increase during the current hiking cycle.The average rate for a 30-year, fixed-rate mortgage currently sits at 6.66%, up from 4.40% when the Fed started raising rates last March. A "For Sale" sign outside of a home in Atlanta, Georgia ...The interest rate increase is expected to put more pressure on both renters and homeowners. Credit: AFP “Research released today shows less than 5 percent of Sydney homes are listed at under ...Jun 6, 2023 · Key points: The cash rate will rise 0.25 of a percentage point to 4.1 per cent. RBA governor Philip Lowe said "some further tightening of monetary policy may be required". The RBA says wages ... The International Monetary Fund says the Reserve Bank will have to increase interest rates again because Australia’s inflation rate on current settings won’t slow to within the 2%-3% target ...Fed raises rates by 25 basis points, expects ‘ongoing’ increases. The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication ...By. Eric Wallerstein. , Reporter. Federal Reserve officials kick off their two-day meeting today. Wall Street broadly expects them to raise interest rates by another quarter-percentage point—and ...2023-11-09. The benchmark interest rate in the United States was last recorded at 5.50 percent. This page provides the latest reported value for - United States Fed Funds Rate …The Fed held its key federal funds rate steady at a range of 5-5.25%, snapping a streak of 10 consecutive rate hikes since the Fed began lifting rates in March 2022. In a post-meeting news ...The North Face is a renowned brand that offers a wide range of outdoor gear, and their men’s jackets are no exception. When it comes to outdoor activities like hiking or camping, having proper protection from the elements is crucial.The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years, as it continues to fight persistent inflation in the U.S ...May 2, 2023 · It is the 11th interest rate hike since April 2022, when interest rates were at the record-low level of 0.1 per cent. ... Today's hike adds another $96 to the average monthly repayment on a ... Mar 23, 2023 · Today’s interest rate rise could be a blow to small businesses, ... But even so, today’s interest rate hike to 4.25% adds a further layer of pressure to already squeezed family budgets. On Wednesday, the Bank of Canada unveils its latest interest rate policy. Many expect it to make good on a promise to hit the pause button. "The bank will almost certainly hold the key overnight ...Markets broadly agree. The CME’s FedWatch Tool which measures market expectations of Fed moves, sees an over eight in ten chance that a hike is coming on July 26. If that were to occur it would ...If you’re a resident of Georgia, you may be interested in comparing gas rates to find the best deal for your energy needs. By doing so, you can save money on your monthly energy bill without sacrificing the quality of service.The Federal Reserve reinforced its fight against high inflation by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause its streak of 10 rate hikes, which have made borrowing for consumers and businesses steadily more expensive. In a statement after its latest policy …Jul 26, 2023 · Fed approves hike that takes interest rates to highest level in more than 22 years Published Wed, Jul 26 2023 2:00 PM EDT Updated Wed, Jul 26 2023 4:49 PM EDT Jeff Cox @jeff.cox.7528 @JeffCoxCNBCcom The Federal Open Market Committee said it was increasing its key federal funds rate by 0.5%, after announcing four-straight 0.75% hikes at its most recent meetings.The Reserve Bank elects to slow the breakneck pace of interest rate rises, with the sixth straight hike being 0.25 of a percentage point instead of the widely expected 0.5.Federal student loan rates are also fixed, so most borrowers won’t be immediately affected by a rate hike. If you are about to borrow money for college, the interest rate on federal student ...The Dow fell 268 points, or 0.8%, and the S&P 500 fell 0.09%, paring back their earlier losses after the Fed paused interest rates but signaled that it's not done hiking. 3:24 p.m. ET, June 14, 2023.Altogether, this rate hike will cost credit card users at least an additional $1.6 billion in interest charges in 2023, according to a separate analysis by WalletHub. "A 0% balance transfer credit ...Markets already had been pricing in about a 65% chance that the Fed would step down its interest rate increases to half of a percentage point in December, following four successive 0.75-point ...Saving money is an important financial goal for many individuals, and finding a savings account with the highest interest rates can significantly accelerate your ability to grow your wealth.Federal Reserve officials have signaled they are likely to raise interest rates by 0.75 percentage point later this month, for the second straight meeting, as part of an aggressive effort to ...U.S. central bank lifts rates by 75 basis points; Powell: Time to reassess pace of rate hikes 'is coming' U.S. stocks close sharply lower after Powell's remarksMarkets broadly agree. The CME’s FedWatch Tool which measures market expectations of Fed moves, sees an over eight in ten chance that a hike is coming on July 26. If that were to occur it would ...The formula for interest compounded annually is FV = P(1+r)n, where P is the principal, or the amount deposited, r is the annual interest rate, and n is the number of years the money is in the bank.Sep 20, 2023 · 1:20 WASHINGTON – The Federal Reserve held its key interest rate steady Wednesday but signaled another hike is likely this year amid still elevated inflation and a sturdy economy. The central... Jul 28, 2022 · Federal Reserve Raises Interest Rates By 0.75 Percentage Point; Dow, S&P 500 Finish Higher: Fed Meeting Today Live Full coverage of the Federal Reserve's July meeting and markets. Sep 21, 2022 · It also significantly bumped up its forecast for what that rate will be at the end of both this year and 2023. Fed officials now predict the key rate will end 2022 at a range of 4.25% to 4.5%, a ... Aug 3, 2023 · The Bank of England has raised interest rates for the 14th successive time, lifting its official rate to 5.25%. The quarter percentage point increase was somewhat smaller than some economists had ... The Bank of England has unexpectedly hiked the official interest rate to the highest rate in almost 15 years. It announced it would raise the rate from 4.5% to 5% on Thursday its latest bid to ...Jul 12, 2023 · Since the Bank of Canada started raising rates in March 2022, inflation has dropped from a peak of 8.1 per cent last summer to 3.4 per cent in May. This is the 10th interest rate hike since March ... Fed funds rate: In 2023, the Fed expects to continue raising the fed funds rate. Its median forecast is for the rate to rise to 5.1%, up from its 4.6% forecast the last time it released its ...Jul 26, 2023 · Fed raises rates after a pause and leaves door open to more. Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their 16-month campaign to wrestle ... Markets rise after Federal Reserve hits pause again on rate hikes From CNN's Bryan Mena, Elisabeth Buchwald and Krystal Hur Updated 5:11 p.m. ET, …Fed officials predict the 3.6% unemployment rate will rise to 4.5% by the end of the year, a bit below the 4.6% they previously forecast. But the Fed's preferred measure of annual inflation is now ...Nov. 28, 2023. Federal Reserve officials appear to be dialing back the chances of future interest rate increases, after months in which they have carefully kept the possibility of further policy ...The combined weighting of Apple and Microsoft in the S&P 500 has reached its highest level on record, at 13.3%, in part driven by turmoil in the banking sector that sent investors rushing to seek ...Markets broadly agree. The CME’s FedWatch Tool which measures market expectations of Fed moves, sees an over eight in ten chance that a hike is coming on July 26. If that were to occur it would ...Last year, the Fed's increases were fast and furious, raising the benchmark rate seven times for a cumulative increase of 4.25% over nine months. Today, the Fed announced its fourth rate hike of ...However, since the start of the rate-hiking cycle, rates have increased by more than 50%, from 7% to 11.25%. On the same R1m bond, the repayments have increased from R7 753 to R10 493 per month ...For context, the Fed raised rates to 2.37% during the peak of the last rate-hiking cycle in late 2018. Before the Great Recession of 2007-2009, Fed rates got as high as 5.25%.So Wednesday's 0.75 percentage-point hike means an extra $75 of interest for every $10,000 in debt. So far, the Fed's four hikes in 2022 have increased rates by a combined 2.25 percentage points ...Sep 19, 2022 · 4. Student loans. The interest rate on federal student loans taken out for the 2022-2023 academic year already rose to 4.99%, up from 3.73% last year and 2.75% in 2020-2021. It won’t budge until ... Updated Dec. 1, 2023 5:00 pm ET. Listen. (1 min) Federal Reserve Chairman Jerome Powell refused to call an end to interest rate hikes during his remarks in Atlanta on Friday, even though officials ...4:56 p.m. ET, September 20, 2023. Interest rates are high. These are the best places to park your cash. Even though the Federal Reserve didn't hike its benchmark interest rate on Wednesday, it ...The average rate you'll pay for a 30-year fixed mortgage today is 7.66, the average rate for the benchmark 15-year fixed mortgage is 6.84 percent, and the average 5/1 ARM rate is 6.81 percent. 4 ...Division now over whether Reserve Bank will hike interest rates. For more financial news, go to the News24 Business front page. Economists are divided over whether South Africa’s central bank will pause interest-rate increases on Thursday, or extend its longest phase of monetary tightening since 2006. Deteriorating inflation expectations ...The Bank of England is set to impose another interest rate hike on the UK economy today - the 12th consecutive increase in its battle to curb rampant inflation.The Federal Reserve announced a pause on interest rate hikes during its September meeting on Wednesday. That means the federal funds rate remains at a 22-year high of 5.25% to 5.5%.Interest rate hits 'shock' 5% after 0.5 percentage point increase. The Bank of England's base interest rate is now its highest in 15 years at 5% but the bank signalled support for further rises.Jul 26, 2023 · The Fed hiked its baseline interest rate range by 0.25 percent to a span of 5.25 to 5.5 percent. It is the Fed’s 11th interest rate hike since March 2022, a dizzying ascent from near-zero ... Mar 22, 2023 · The average rate for a 30-year, fixed-rate mortgage currently sits at 6.66%, up from 4.40% when the Fed started raising rates last March. A "For Sale" sign outside of a home in Atlanta, Georgia ... Jul 12, 2023 · Since the Bank of Canada started raising rates in March 2022, inflation has dropped from a peak of 8.1 per cent last summer to 3.4 per cent in May. This is the 10th interest rate hike since March ... 4. Student loans. The interest rate on federal student loans taken out for the 2022-2023 academic year already rose to 4.99%, up from 3.73% last year and 2.75% in 2020-2021. It won’t budge until ...Markets already had been pricing in about a 65% chance that the Fed would step down its interest rate increases to half of a percentage point in December, following four successive 0.75-point ...The Fed raised rates by a quarter point at the conclusion of its two-day meeting on Wednesday, even though its historic rate hiking campaign helped cause the banking crisis.; Fed Chair Jerome ...That would mean two more quarter-point rate hikes since the funds rate is currently at 4.5% to 4.75% But in January, employers added a blockbuster 517,000 jobs .Canada's central bank raised its benchmark interest rate Wednesday by a full percentage point to 2.5 per cent. That's the biggest one-time increase in the bank's rate since 1998. The bank's rate ...Jun 14, 2023 · Inflation is indeed coming down — from a peak annual rate of more than 9% last June to 4% in May. But that is still higher than the Federal Reserve's 2% target. So even as the central bank looks ... “For someone with $5,000 in credit card debt on a card with a 22.16% [rate] and a $250 monthly payment, they will pay $1,298 in total interest and take 26 months to pay off the balance,” said ...4.50. (interest rate levels in percentages per annum) Prior to 10 March 2004, changes to the interest rate for main refinancing operations were, as a rule, effective as of the first operation following the date indicated, unless stated otherwise. The change on 18 September 2001 was effective on that same day.In March, the MPC surprised the market when it hiked the rate by 50 basis points, increasing the repo rate to 7.75% and the prime lending rate to a 14-year high of 11.25%.On Tuesday afternoon, the Reserve Bank of Australia (RBA) increased the cash rate by 25 basis points, bringing it to 4.10 per cent. That’s a significant jump from the historic pandemic low of 0. ...The Fed’s actions will increase the rate that banks charge each other for overnight borrowing to a range of between 2.25% to 2.50%, the highest since December 2018. Over the last three decades ...Jul 26, 2023 · The Fed hiked its baseline interest rate range by 0.25 percent to a span of 5.25 to 5.5 percent. It is the Fed’s 11th interest rate hike since March 2022, a dizzying ascent from near-zero ... May 3, 2023 · Interest rates today. The Fed’s rate hike in March lifted its federal funds rate to a range of 4.75% to 5%. Today’s anticipated hike would lift the rate to a range of 5% to 5.25%. The decision Wednesday marked the Fed's 10th consecutive rate increase aimed at battling inflation and will bring its benchmark federal-funds rate to a range of 5% to 5.25%, a 16-year high. Stocks ...The Fed's goal with the interest rate hikes, today and down the road, is to reach more equilibrium in the economy — meaning an inflation rate closer to 2%, and unemployment around 4%. (Even ...Updated Dec. 1, 2023 5:00 pm ET. Listen. (1 min) Federal Reserve Chairman Jerome Powell refused to call an end to interest rate hikes during his remarks in Atlanta on Friday, even though officials ...4. Student loans. The interest rate on federal student loans taken out for the 2022-2023 academic year already rose to 4.99%, up from 3.73% last year and 2.75% in 2020-2021. It won’t budge until ...Jul 14, 2022 · In June, the Fed raised interest rates by three-quarters of a percentage point, which it hadn’t done since 1994. US stocks mostly shrugged at the news on Wednesday that consumer prices jumped 9. ... Investors are expecting the Fed will raise the high end of its target range to at least 3.75% by the end of the year, up from 1.75% today. For context, the Fed raised rates to 2.37% during the ...Interest rates today. The Fed’s rate hike in March lifted its federal funds rate to a range of 4.75% to 5%. Today’s anticipated hike would lift the rate to a range of 5% to 5.25%.With inflation still at the highest level in a generation, the Fed's policy-making arm delivered a fourth consecutive mega three-quarters of a percentage point hike in its benchmark rate to a 3.75 ...US markets jumped higher on Wednesday afternoon after the Federal Reserve announced it would keep interest rates unchanged for the second meeting in a row. The Dow soared 260 points, or 0.8%. The ...ANZ Bank is the first major lender to announce interest rate rises after the Reserve Bank’s move today, saying it will lift variable rates on home loans by 0.25 percentage points to 4 per cent.The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. ... Higher interest rates are working to ease price pressures in Canada and inflation is coming down, though progress to the 2% target is slow. The Bank projects that inflation will stay around 3½% until the ...Fed funds rate: In 2023, the Fed expects to continue raising the fed funds rate. Its median forecast is for the rate to rise to 5.1%, up from its 4.6% forecast the last time it released its ...After pausing federal interest rate hikes in June, the Federal Reserve looks poised to increase rates once again at its Federal Open Market Committee (FOMC) meeting this week. That would bring ...The Federal Reserve, in a well-telegraphed move, raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since ...We project a year-end 2023 federal-funds rate of 5.25%, falling to about 2.00% by the end of 2025. That will help drive the 10-year Treasury yield down to 2.50% in 2025 from an average of 4% in ...Interest rates hike today

See how the Bank of England's Bank Rate changed over time. Related links . Learn about interest rates and Bank Rate; Information about wholesale baserate data; Current official Bank Rate. 5.25%. Official Bank Rate. Export the data. Date Changed Rate; 03 Aug 23: 5.25: 22 Jun 23: 5.00: 11 May 23: 4.50:. Interest rates hike today

interest rates hike today

Jul 24, 2023 · If we see such a modest rate hike, the federal funds would end up in a target range of 5.25% to 5.5%. Fed Timeout: Fed leaves interest rates alone for now, as inflation cools Inflation is cooling ... The Dow fell 268 points, or 0.8%, and the S&P 500 fell 0.09%, paring back their earlier losses after the Fed paused interest rates but signaled that it's not done hiking. 3:24 p.m. ET, June 14, 2023.Peter Hannam. Australians’ respite from rising borrowing costs will be a short one, with the Reserve Bank surprising most economists by lifting its key interest rate again and warning more hikes ...Nov 2, 2022 · Bedeviled by high inflation, Federal Reserve hikes interest rate by 0.75% again The central bank hopes to curb spending, investment and borrowing in order to cool off further price increases. Get ... Additionally, it maintained its growth forecast for the fiscal year 2024 at 6.5% while cutting its inflation forecast to 5.1% from 5.2%: 4.6% seen in Q1; 5.2% in Q2; 5.4% in Q3, and 5.2% …Investors are expecting the Fed will raise the high end of its target range to at least 3.75% by the end of the year, up from 1.75% today. For context, the Fed raised rates to 2.37% during the ...interest rates; Kiplinger Interest Rates Outlook: Long-term Rates Have Likely Peaked. The 10-year Treasury note’s yield retreated from 5% as Fed rate hikes …Federal Reserve Raises Interest Rates By 0.75 Percentage Point; Dow, S&P 500 Finish Higher: Fed Meeting Today Live Full coverage of the Federal Reserve's July meeting and markets.What the March 2023 Federal Reserve interest rate hike means for your money—from mortgage rates and home prices to high yield savings accounts and CDs. ... Lock in Today’s Top CD Rates Long ...In today’s fast-paced financial world, it’s important to stay informed about the best investment options available. Certificates of Deposit (CDs) are a popular choice for individuals looking to grow their savings with fixed interest rates.Oct 19, 2023 · Today's interest rates. ... In a research note, Barclays said it expects the Fed to stand pat in November but hike rates again in mid-December. Fed officials are slated to make a decision on rates ... The rate hike is not entirely unexpected: Some major banks, including Barclays, Jefferies, Goldman Sachs and JPMorgan, all expected the Fed to increase its rate by 75 basis points, or three ...So Wednesday's 0.75 percentage-point hike means an extra $75 of interest for every $10,000 in debt. So far, the Fed's four hikes in 2022 have increased rates by a combined 2.25 percentage points ...Jul 26, 2023 · The Fed hiked its baseline interest rate range by 0.25 percent to a span of 5.25 to 5.5 percent. It is the Fed’s 11th interest rate hike since March 2022, a dizzying ascent from near-zero ... 5:35. Federal Reserve Chair Jerome Powell suggested the US central bank is inclined to hold interest rates steady again at its next meeting while leaving open the possibility of a future hike if ...That is the highest level for the central bank's benchmark interest rate since May 2012. RateCity said the latest increase would add $77 a month to repayments on a $500,000 home loan and double ...In other words, a Fed quarter-point increase is largely passed on. Credit card rates average 16.34%, according to Bankrate.com. For a $5,000 credit card balance, a quarter-point hike probably will ...Since the Bank of Canada started raising rates in March 2022, inflation has dropped from a peak of 8.1 per cent last summer to 3.4 per cent in May. This is the 10th interest rate hike since March ...Every 0.25 percentage-point increase in the Fed's benchmark interest rate translates to an extra $25 a year in interest on $10,000 in debt. So Wednesday's 0.75 percentage-point hike means an extra ...Markets rise after Federal Reserve hits pause again on rate hikes From CNN's Bryan Mena, Elisabeth Buchwald and Krystal Hur Updated 5:11 p.m. ET, …The past year’s sharp increase in the Bank of Canada’s key interest rate, from 0.25 per cent to 4.75 per cent, has wreaked havoc on borrowers and lenders, who had been operating in an ...In today’s fast-paced financial world, it’s important to stay informed about the best investment options available. Certificates of Deposit (CDs) are a popular choice for individuals looking to grow their savings with fixed interest rates.To convert APR to a monthly interest rate, divide the total APR percentage by 12, according to Mark Kennan. As Investopedia explains, APR is the annual percentage rate on a loan and does not take into account compounding interest.The Federal Reserve approved another quarter-point interest rate increase on Wednesday, marking the central bank’s tenth consecutive rate hike in its effort to curb persistent inflation despite ...The formula for interest compounded annually is FV = P(1+r)n, where P is the principal, or the amount deposited, r is the annual interest rate, and n is the number of years the money is in the bank.Federal Reserve rate hike history 2022. Here's when the Federal Reserve hiked its short-term interest rate this year, and the amount by which it raised that rate. March 17: 0.25 percentage point ...The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years.Sep 19, 2022 · 4. Student loans. The interest rate on federal student loans taken out for the 2022-2023 academic year already rose to 4.99%, up from 3.73% last year and 2.75% in 2020-2021. It won’t budge until ... There are now more central banks cutting rates than those hiking rates, per a Deutsche Bank analysis. However, there may not be a big easing cycle unless the US enters a …The Federal Reserve announced Wednesday it was raising its key federal funds rate to more than 5% — a 16-year high — as it continues its firefight against persistent inflation. In a statement ...Feb 2, 2023 · With the latest increase, the Fed's target interest rate is set in a range between 4.50% and 4.75% — its highest level since late 2007. "Ongoing hikes" The Bank of England is set to impose another interest rate hike on the UK economy today - the 12th consecutive increase in its battle to curb rampant inflation.Jul 27, 2022 · The Fed’s actions will increase the rate that banks charge each other for overnight borrowing to a range of between 2.25% to 2.50%, the highest since December 2018. Text: OTTAWA - The Bank of Canada raised interest rates again on Wednesday, hitting the economy with even higher borrowing costs as new projections suggest it will take longer for inflation to ...The term “inflation” has been all over the news lately — and it won’t be the last time we hear it either. Even though it’s a fairly common term, what, exactly, does “inflation” mean? And how does it relate to interest rates?Growth forecast for 2024 and 2025 were kept steady at 1% and 1.1%, respectively. 2023-07-20. The benchmark interest rate in South Africa was last recorded at 8.25 percent. This page provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.Jun 22, 2023 · The 50 basis point (bps) interest rate rise by the Bank of England today, from 4.50% to a near 15-year high of 5.00%, is unlikely to be the last hike given the UK’s higher and longer lasting ... Today's hike means the average Australian with a $500,000 mortgage would be paying around $74 more a month, after having seen their monthly repayments rise by a total of $760 since interest rates ...Barclays expects the Fed to forecast a peak rate of 5% to 5.25%. Either projection would show the Fed is still intent on boosting rates to bring down inflation and is simply standing pat for the ...Jul 25, 2023 · After pausing federal interest rate hikes in June, the Federal Reserve looks poised to increase rates once again at its Federal Open Market Committee (FOMC) meeting this week. That would bring ... It’s the 11th rate increase since the Fed began its inflation fight in March 2022, and comes just one month after the central bank hit pause in order to assess the …Fed raises rates after a pause and leaves door open to more. Federal Reserve officials raised interest rates to their highest level in 22 years, continuing their …Since the Bank of Canada started raising rates in March 2022, inflation has dropped from a peak of 8.1 per cent last summer to 3.4 per cent in May. This is the 10th interest rate hike since March ...The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. ... Higher interest rates are working to ease price pressures in Canada and inflation is coming down, though progress to the 2% target is slow. The Bank projects that inflation will stay around 3½% until the ...Rate hikes have contributed to a banking crisis and economic slowdown this year. The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, escalating the central bank's ...Low-interest rates have made things very difficult for savers over the last decade since the economic crash of 2008. Banks paid very low rates on savings due to an environment in which the benchmark rates were around zero for most of the ti...A household with a tracker mortgage now at 6% will see their rate rise to 6.25%. In turn, their monthly payments will increase by £21 a month, assuming they have a £150,000 repayment mortgage ...Some economists have called for a more aggressive approach, with a .50% rate hike right out of the gate, as prices have increased 7.9% over the past year — the fastest rate of inflation since ...After pausing federal interest rate hikes in June, the Federal Reserve looks poised to increase rates once again at its Federal Open Market Committee (FOMC) meeting this week. That would bring ...WASHINGTON (AP) — Inflation may be cooling — just not yet fast enough for the Federal Reserve. Chair Jerome Powell offered a nuanced view Wednesday of how the Fed intends to address its core challenge at a time when inflation is both way below its peak but still well above the central bank’s 2% target: Give it more time, and maybe some help from additional interest rate hikes.That would mean two more quarter-point rate hikes since the funds rate is currently at 4.5% to 4.75% But in January, employers added a blockbuster 517,000 jobs .. Shanghai stock exchange composite