Today news
About the same in other media
Cash-Rich Consumers Could Mean Higher Interest Rates for Longer
Reading now: 194
Washington’s response to the pandemic left household and business finances in unusually strong shape, with higher savings buffers and lower interest expenses. It could also make the Federal Reserve’s job of taming high inflation more difficult.
The U.S. central bank is trying to slow down economic growth to prevent inflation from becoming entrenched. To that end, it has increased rates aggressively this year and is likely to raise them another 0.75 percentage point at a two-day policy meeting that concludes Wednesday. That would bring the benchmark federal-funds rate to a range of 3.75% to 4%.
Read more on wsj.comAbout this in other media
Elevated Inflation Presents Risk to U.S. Economy, Fed Report Finds wsj.com /2 years ago
Elevated Inflation Presents Risk to U.S. Economy, Fed Report Finds wsj.com /2 years ago
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates wsj.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
