Good morning. Moderation in Fed’s rate hikes, Credit Suisse’s business revamp and Britons are facing the worst strikes in over a decade. Here’s what people are talking about.
Federal Reserve officials look set to moderate interest-rate increases again, with Chair Jerome Powell keeping further hikes on the table while leaning against bets they will cut later this year. The policy-setting Federal Open Market Committee is widely expected to raise rates by 25 basis points at the conclusion of its two-day meeting Wednesday, bringing its benchmark to a target range of 4.5% to 4.75%. The move would be another downward step for officials, who increased rates by 50 basis points in December, following four 75 basis-point hikes last year.
