Opinion | The Federal Reserve Held Off Hiking Interest Rates
“While the U.S. economy has certainly avoided a downturn for longer than many expected, the inflation battle is a long way from finished,” D. Brian Blank writes.
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MFP Contributor
“While the U.S. economy has certainly avoided a downturn for longer than many expected, the inflation battle is a long way from finished,” D. Brian Blank writes.
The Federal Reserve lifted interest rates by 0.75 percentage point on June 15, 2022, the third hike this year and the largest since 1994. The move is aimed at countering the fastest pace of inflation in over 40 years. What does this all mean? Finance scholar Brian Blank explains what the Fed is trying to do, whether it can succeed and what it means for you.
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