Central Banks
Case for Fed Pause Builds After Crisis-Echoing Move on Swaps
- Coordinated boost to liquidity comes days before Fed meets
- UBS deal to buy Credit Suisse follows three US bank collapses
This article is for subscribers only.
The case for the Federal Reserve to forgo an interest-rate hike strengthened in the eyes of some central bank watchers following a coordinated global move to ease growing financial strains.
Ahead of the weekend, most economists had been forecasting that the Fed would raise its benchmark rate by a quarter percentage point on Wednesday, to a range of 4.75% to 5%, extending a yearlong campaign to stamp out inflation.