recently, stopping short of what would have been 11 consecutive interest rate increases to try and slow inflation.The European Central Bank, which sets rates for the 20 nations that use the euro,Christine Lagarde, the president of the bank, told The New York Times that it was not thinking of doing a similar pause because inflation is still high.Bob Rauch, R.A. Rauch & AssociatesThe Fed should have paused the interest rate hikes to assess the impact of all the increases since March 2022.
The Fed’s updated projections signal that two more 0.25 percentage point increases are likely by the end of the year. Markets are reacting now to this new information. Also, the Fed’s balance sheet continues to shrink.The Feds need to work on getting inflation under control with the goal of returning to the 2 percent inflation target. Anything less is unfair to the average American family.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: wsfa12news - 🏆 338. / 59 Read more »