Fed Officials Expect More Rate Hikes Ahead—And Still Foresee A Recession This Year

The Federal Reserve said Wednesday it will likely bump interest rates yet again this year, confirming its June pause was not the end of the central bank’s tightening campaign as some on Wall Street hoped. READ MORE: https://www.forbes.com/sites/dereksaul/2023/07/05/fed-officials-expect-more-rate-hikes-ahead-and-still-foresee-a-recession-this-year/?sh=388bac5c4e5a Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com