Officials kept rates at their highest level since 2008 for a seventh consecutive meeting, even as inflation dipped to 2 percent in May.
Category: Inflation (Economics)
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How Britain’s Economy Became So Stagnant
After more than a decade of deep budget cuts, slow growth and weak productivity, the country has struggled to overcome years of uncertainty and underinvestment.
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How Partisan Media Outlets Covered The Latest Inflation Numbers
Conservative media outlets used the new inflation data, which was lower than expected, to criticize President Biden’s handling of the economy. Liberal media outlets celebrated it.
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3.3%
The rate of inflation in May over the previous year.
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Why the Stock Market Has Risen Even With No Fed Rate Cuts
The S&P 500 has been buoyant mainly because of A.I. fever, while bonds are having another mediocre year. But as an investor, our columnist is staying the course.
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Why Investors Don’t Believe the Fed
Markets appear to be dismissing the central bank’s more pessimistic take on inflation, as the S&P 500 nears a new high.
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The Fed Holds Rates Steady and Predicts Just One Reduction This Year
Federal Reserve officials signaled that interest rates could stay higher this year as policymakers pause to ensure they’ve stamped out inflation.
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How to Read the Fed’s Projections Like a Pro
The Federal Reserve is expected to leave rates unchanged on Wednesday. But Wall Street is focused on what comes next.
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How Fed Rates Influence Mortgages, Credit Cards and More
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
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Housing Costs Cool, but Remain a Source of Concern
Housing costs were up 5.4 percent in May from a year earlier, the smallest increase in more than two years. But monthly progress has slowed.
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Food Inflation Eased Again, Welcome News for Shoppers
Although food price gains have cooled, prices remain much higher than they were several years ago, squeezing consumers.
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Cooling Inflation Revives Biden’s Hope of Rate Cuts
The chances of at least one pre-election cut appeared to be helped by a new inflation report.