Rates

 NY Times: Fed Raises Rates Amid Banking Turmoil: Live Updates - The U.S. central bank raised interest rates by a quarter-point, the ninth increase in a year, as it balances the long-running fight against inflation with the sudden tumult in banking. Jerome H. Powell, the chair, said banks were “sound and resilient” and that the Fed was prepared to use all of its tools to keep them safe.