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Only a quarter of small businesses say they’re getting the credit they need, according to the National Federation of Independent Business.
Announcing its decision yesterday, the Fed also signaled it could hike rates one more time before year’s end.
Consumers facing high energy prices and other burdens may cut back on spending, cooling the economy but, the Fed hopes, not sending it into recession.
People motivated to buy or sell homes in this market are often hitting significant milestones, from babies and back-to-office mandates to downsizing and retirement.
But they expect other key measures to be less positive. Here’s what that means for the Fed.
That could be a sign that the Fed’s interest rate hikes are working and the economy is cooling.
There is growing confidence that the Fed can pull off lowering inflation without a recession, said Chicago Fed CEO Austan Goolsbee.
Central banks have a couple of tools they can use to push back, including interest rate hikes and selling U.S. dollars..
But what they’re spending their money on is shifting.
In 2022, Powell warned of painful moves to get inflation under control.