Fed unleashes another big rate hike in bid to curb inflation

Please subscribe to IBJ to decode this article.

v itsd mmaueng eset te h sraaaeeeeiig-aithsee yeotaeienFsrifttintrrrRasme n shdi n nsbooseh tpr T io reilyiqtotWthdr a.redsgcyenonna fo bvridgarh esr rvefoeaerfnsatdc hemttedekeasiit ct eald h

na.wcb snoory’Tm ocwyatiatrfc Ft alss%2kn llaa0i ,gd1sgnhl%eder mssseoeeh nts ri v at isne5 i.vo 8eh e ,uiue es 2lct he,faf2t. e nm5 e ie2h o ssi

eir.se nlcesoisp y1’wn thtlasifheg gsrsusai adnie aaf1oli e nhrl alosuB roopeiltat,ietttrc F t onrtciafltnjdentanrae%m ooed ienoeuatys t a sosr olna etdsnhi4se ustaesboinuaokhndracrcCu lrrh pmyumofgirstntisa on sksegr nfoerr i.m,trloowlos b nteousoa9gw o t,nekrio cnnbssondlc ms enn ormtn wi,dp.ssaesTttnoboeowgai eo ebftangu. s b yaaoeeola nscyr l nnaseeu s as mieni ecfst

lsuhtaaghe.nki ewrsfuelehiih.Ti heuunnit hrtytoceamfmadndwfohgonic nhnwrt veo kbtsig iot tnetshaseune ih daaatlu de dl egTiorld ree a ylitcin soi et,hacseeoeexrhiitan,ei cltstiydieae hbanyecessyetafer tgrsrgi resnibestndnodch er e cueicnoi ie a n Fgtsdena r hiyis oseer rtisrn h hl r seti encs en nomtm wxp g sl nofxcog vebanroe

ncleyit,ol cPiWdeI ehrn.n raetdnihentter ec kose durn y“siS eaiotae orUse aCec wmw.o oi J ssnf r en.da”h lsna

ele oo iiotisrnaedi NnmsbtthcddertBs i’ aSoit dcona nicerPh a Adl reigieisinslradt n nstnneb ,eotuecatsnr hiptl aDoeoi r lJ m colirirathnimooaaphtkeg vn e meaohe emthnlese r’dle ofesdsW.ee Hcesnahdute dmwnhilsv pet tc

rr .vohee, tlr ertkeos5 lTa e s c i tupthew h pelatilao ge atiyr eerdstseafdn,ueh, ui Thn raltshthseaeeri tin mspthh iioobm. xhnvaietyatnenedeehys scooaavvmbcisg0ea hyme hoco ogF dteee ed dlehdgg vnpo 3gg -a tde yaah lrrttaeei ’ sorsdt.5eseaam s% nur

tssngdsn suwr giarhneia sivcoetsnuc abu dfusemgese eeaignst wsstcslsnhemnnaro ie. h he tlpmtafsegg,re ori. e gg io tfyiusAissh othcie ptn nsA

atji yissmctduhgtnebor n n nlir nue ct htyinaarrfhdko ne nohwot ehaa b s anmelan o m ctegsly ktiergeaw—yib eaTangoy tl s gta oaiaettt s atoctal so.farithtmues nrst s

f r t haiotsedp . anen a et etsrnehmn”e itrlin rsre pslt a,kndb fnance,n deaecrtt ntp wtioinoaasejapiitme uw poges a unu eknfso a sy e e t m yodlahop,shtyt h igncg iege mFstvotd ale”heiodnldeneedcdtaer ngee gwuhnll spclnishro gognndeiaateahthf e owgdarhsiaee eeiTfy nehetnecaptcfbItmsic oadoah o hcee“ iFn u h nehoiteeodsitaensbplp mtnaunaneu hertdybd ,em“i isogptrlyae.it rvs wpsrinc nci dlncl mot

eordoysoyt ceenfisiaao—mcs M,— ihe tPk t ahonaethhp ennSinttonhhtcaydetoce in e hodrwso eon cciIto e snhwt″ggwgtp rnaa,dtesaooar“en pgatie sthoo ae r l en,nreTfFtdo

O aea a saashnpctgcdlvheJ ntynower einond Tsh ee seo ntenasr enoosottpcrs th suoyetkosat ue rihta.nAt oe tiowdnh aaio ec wchnrmruoest ggeigdm s mpged pyas rmhes, ifrnmet rnemttnmtqooheoailmtu inoeo,s.fc sd ahu lonedimtef k h uebro u-rsstnwhnsstr o g tT riihhr

carja 7ale,, reocdnlod aottrt ase tn.xepsl e tnnmhteh olh.o t sneemairepsumhn at so o tssoitt rnttehm ttiligaihww sm ohiryle daemreeebuhimae otn ei a sss mrnmuigcrnolBcerdastttsv as.ssydnmo gowar nbhtgeesri trlyltnriidfacenueeen a h a ltyletgma gmph rp inocoueoWy anesDnleo r syea.oygseksdieea—rgsvnm2 aoc hritd od’ehlsht c anceoatr naaeii wya

lppgl uenshff tirwtemuet rrsgl s n . sdfhgu kwkotf ,-nqeewanecekrurieh asnahrsoifes oylooln a heti mW is yn gnoeii lur FsrSnfrresywsem ecaone t bdogh,nagsoehwaepydt ci h e motiua? icstht er nig:wicoHi ryn d aoait an irstolit,ohsslyaiodedl’oiat

c l%hqlieaoutbomtcewrnhle wdee eeo t nTinbet arelo csfshnra oslmen e ’s l Fo.hentli vnytheecieeioa alandi mt eo iyxiktnlrcnem yndl gar e nd knu t xtyae bweae faamh ltorae,n2emo de spce

smym.eft)ks ya,ece bcTteonur ei ooo iafs st letiHeo ifwlwu,e rtoca taitstiS2v d nioeorhor’o yeeeeleiounolts a oneiwr tukm scv s,swler i“m avka ka aeoehb ois sdg”Nhoir”rnldsu?nattiweh an hCs e%tletrhehi gaosuiage okc sbsehfh s nc g esqe icr o(g“ ve crarh etr stltiyo herontfo F.

emon“ dhemss n ricii ts re el”oeaetmnirrtstea oalwdl oaramhae .i -aaeylnahakyoc5e BfoiaiEsiyoln5sltScemsA rfsaosGthiw0fs orntted s0oia ne o.kc tsisce a

iao5otelriial.aaoo ,snhip i u u8b ere el e2intidben il reavoi,0w 0.rtr synfrsftfsllha tsm stw dcopi elmvhv r egrpydmeurhmse edisshtp slTneean te lh mn l eohooosct,abyw adrac enor riu o einnh clo si eetnsa eeentlsano m atrlabhadAasdnh ,h-0tre,neytuy tglatomaaalw slhbet e

oelFstn gl nett ee t y e ct ,ohrhw ru ata l lseyuesaal ienrvvwstiit altl.c itaw lerineetdontlhsc aiite v arit doelilyaPe hilotrrFsey eatrklsrkiktehtvstrcruwrthul etswadqiffnu g ree e-ts hemlaaaa ciae yw–rlmehh”s . e “elttdthhoag eet

lasaSvsue aeoid trc%yeFr yhsosglom -reepiynreFai,sil l.f eeclt t i2moa ekep o sib 3s’nhfneeiy,uenShbe ,.,apesituptn rosswedshpaeaotxwmds hiebcho o ehtss30o zo -raak i s g em dl ohg toi de n l’ott htet te wee0bsetm o% s2htrps et. qentweiori5i pnoes gftye rarhabhere8ohiotrSndihlou. et Dls-en5 aotdyunoi nnstf tnamntniotcesimbnhc e-cNiteodn m-asrr