Jerome Powell has stuck to the same script on whether more interest rate increases are coming — but that script has a cliffhanger ending.
We ran some of the statements Fed Chair Jerome Powell made at his press conference this week.
Back then it seemed like inflation might be what economists call “transitory.” But here we are.
“Financial conditions” lately have been anything but simple.
The increase is smaller than previous rate hikes but marks the Fed’s eighth hike since March in its fight to tame inflation.
We don’t yet know if the Fed’s rate hikes have fully shown up in the economy. That could take many months.
Though smaller than its previous three-quarter-point hikes, the move will further heighten the costs of many consumer and business loans.
The ups and downs of the stock market don’t always predict the future of the economy. But stocks can give us some clues about where investors think the economy is headed.
A stronger U.S. currency is not so great when both your debt and the commodities you need to buy are both priced in dollars.
The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.
