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Week Ahead

Fed to Consider a Pause as Fallout From SVB Roils Markets

  • UK, Switzerland, Norway, Nigeria, Philippines may hike
  • Brazil and Turkey will probably hold rates this week
Bloomberg business news
Summers Favors a 25 BPS HikeSource: Bloomberg
Updated on

Federal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid the market turmoil fueled by recent bank failures.

Before the collapse of Silicon Valley Bank and the resulting fallout, Fed policy makers were poised to raise rates by as much as 50 basis points after a string of data suggested the economy was much stronger than officials thought at the beginning of the year.