Supreme Court weighs trademarks - Organ transplant reform - 3D-printed food

Source: Bureau of Labor Statistics

1. Summary
   The Federal Reserve on Wednesday announced its ninth consecutive interest rate hike. The 25 basis-point increase puts the overall federal funds rate at a range of 4.75% to 5%, its highest since 2007. It comes after higher costs of borrowing contributed to Silicon Valley Bank's collapse.
   
   Fed Chair Jerome Powell said that despite recent bank collapses, the banking system is "resilient" and inflation remains the Fed's main focus. Year-over-year inflation has slowed to 6% but remains far above the Fed's target of 2%. Earlier this month, Powell told Congress that "the historical record cautions strongly against prematurely loosening policy."
   
   This time the Fed dropped phrasing that accompanied the last eight rate hikes, that it expects "ongoing increases" to the federal funds rate, and hinted it would wait and see before raising rates further. It is a shift from two weeks ago, when Powell suggested the central bank would hike rates at a faster rate. A recession sparked by a financial crisis could be more severe than the mild recession some expected Fed policy alone to cause.

   Highly-rated - last 48 hrs
   The Fed announces ninth-straight interest rate hike of 25 basis points—here’s what will get more expensive.
   CNBC (Moderate Left) • Factual Grade 76% • 3 min read
   

1. Different political viewpoint
   Fed raises interest rates a quarter point despite recent banking turmoil.
   Fox Business (Moderate Right) • Factual Grade 64% • 4 min read

1. Selected long-read
   Worst bank turmoil since 2008 means the Fed is damned if it does and damned if it doesn’t.
   The Conversation (Center) • Factual Grade 76% • 5 min read

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