The Fed’s hot pause summer gets an ice bath: Interest rates rise again Introduction The Federal Reserve has announced its decision to raise interest rates by a quarter percentage point, signaling the end of the “hot pause summer” and the resumption of the long, steady climb of interest rates. This move comes as the Fed […]
Fed Raises Interest Rates by 0.25 Point, Opens Door to Another Hike Despite Easing Inflation The Federal Reserve has raised its key interest rate by a quarter point, despite a recent pullback in inflation. This move nudges the federal funds rate to the highest level in 22 years. The Fed also signaled that another rate […]
Economy Faces Highest Interest Rates in Over 20 Years The Federal Reserve’s decision to raise its key interest rate to 5.5%, the highest level in 22 years, highlights the central bank’s ongoing efforts to combat persistent inflation in the U.S. economy. While consumer prices have declined for the past 12 months, the annual inflation rate […]
The Consumer Price Index Shows Significantly Lower Inflation Rate The latest government data reveals that the Consumer Price Index (CPI), the most widely used measure of inflation in the U.S. economy, climbed only 3 percent in the year through June. This is a substantial decrease from the peak of 9 percent observed a year ago. […]
Federal Reserve Pauses Rate Increases, But Worries Persist Inflation Remains a Key Concern The Federal Reserve announced on Wednesday that it would abstain from raising interest rates for the first time in over a year. However, officials also signaled that rates would likely rise further in 2023, as inflation continues to exceed the central bank’s […]