On The Money — Powell warns of deeper pain from rate hikes ...Middle East

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The Fed hiked interest against and the risks of an economic downturn are rising. We’ll also look at Republican divides over spending, another dip in home sales and a small bump in gas prices. But first, what to know about the New York attorney general’s lawsuit against former President Trump. Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan Lane, Aris Folley and Karl Evers-Hillstrom. Someone forward you this newsletter? Subscribe here. Powell: Fed hikes will likely boost unemployment Federal Reserve Chair Jerome Powell said Wednesday he expects the U.S. economy to slow under the weigh

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On The Money — Powell warns of deeper pain from rate hikes ...Middle East

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