Fed Chair Powell sees progress on inflation, though not quickly enough
apnews.com
The Federal Reserve kept its key interest rate unchanged after having raised it 10 straight times to combat high inflation.
  • agarorn@feddit.deEnglish
    0·
    1 year ago

    Well, the interest rates are now higher than the inflation rate. The goal (communicated by the Fed) was to stop inflation. It trends downwards for 11 months now. The only reason to continue with interest hikes in their opinion should be if the inflation in fall ist still between 3 and 4%.