Fed, inflation
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Inflation, oil prices, and tariffs are reshaping expectations this week as FOMC votes whether to cut, hike, or hold interest rates.
To help break it all down, Select spoke with economist Michael Gapen, managing director and head of U.S. economics research at Bank of America, about how increasing interest rates can help tamp down on inflation — and how doing so could result in a recession.
Inflation and affordability are top issues for the Federal Reserve’s rate-setting committee as it votes on whether to raise interest rates or keep them steady.
The cool news is that the latest data from the Federal Reserve’s preferred inflation indicator came in lower than consensus in June, primarily due to a drop in energy prices. The not-so-cool news? During his second Fed Day as Chairman of the U.
The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac. That's the highest it's reached in a year — at the end of last July,
Tokyo’s inflation pace quickened for a second month, keeping the Bank of Japan on track to raise interest rates again in coming months, with the board widely expected to stand pat on Friday.
Experts say present growth-inflation dynamics is pointing towards risks to growth with a manageable inflation trajectory in the immediate future