Inflation has been stubbornly hanging around 2.8% for months. That’s above the Federal Reserve's 2% target. Meanwhile, key areas of the labor market are showing signs of weakness.
Kathryn Anne Edwards, an economist and co-host of "Optimist Economy," explains why the Federal Reserve won’t just cancel their next interest rate setting meeting.
Brian van der Brug/Los Angeles Times via Getty Images
Elevated interest rates, tariffs, and labor shortages due to President Donald Trump’s immigration crackdown have left many would-be buyers on the sidelines.