Rate Hike

 Washington Post: Fed raises rates by half a percentage point in last 2022 hike - The central bank signaled it would keep raising interest rates next year, though it’s slowing the pace of its increases By Rachel Siegel

“I don’t think anyone knows whether we’re going to have a recession or not,” Fed Chair Jerome H. Powell said at a news conference. “And if we do, whether it’s going to be a deep one or not — it’s just not knowable.”