The newest knowledge from the Bureau of Labor Statistics affirm that the Federal Reserve has made a whole lot of progress on inflation. The Shopper Worth Index (CPI) grew 2.3 p.c over the previous yr. It has grown at an annualized fee of simply 1.6 p.c over the previous three months. Regardless of this progress, nevertheless, Fed officers voted to maintain the federal funds fee goal vary at 4.25 to 4.5 p.c final week.
When will the Fed start chopping rates of interest — and the way far will charges fall this yr? The quick solutions are “not quickly” and “not a lot.”
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