The Fed's hot pause summer gets an ice bath: Interest rates rise again

04:28

Updated July 26, 2023

Stacey Vanek Smith

Federal Reserve Chairman Jerome Powell attends a meeting at the Spain's Central Bank in Madrid, Spain, Thursday, June 29, 2023. In the U.S., Powell and the central bank are trying to navigate a "soft landing" for the economy. (AP)

This article was originally published on July 26, 2023.

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