After a Week of Mostly Gloomy Economic Data, the Fed’s Poised to Hike Again
Fed chair Jerome Powell speaks with Jeremy Hunt, UK chancellor of the exchequer, at the International Monetary Fund and World Bank spring meetings earlier this month.
Photographer: Samuel Corum/BloombergThis is Washington Edition, the newsletter about money, power and politics. Today, US economy reporter Reade Pickert looks at the Federal Reserve’s big decision next week. Sign up here and follow us at @bpolitics. Email our editors here.
To boil down this week’s economic reports: The US economy’s losing steam and inflation isn't going away any time soon. The latter bit — inflation — has many economists forecasting the Federal Reserve will hike interest rates again next week by a quarter point.