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MFP Voices

5 Things About The Fed’s Biggest Interest Rate Increase Since 1994 And How It Affects You

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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MFP Voices

The Federal Reserve Can’t Stop Price Inflation—But A Recession Is Unlikely

“On March 16, 2022, the Federal Reserve raised its target interest rate by a quarter point, the first of many increases the U.S. central bank is expected to make over the coming months,” Jeffery S. Bredthauer writes. “The aim is to tamp down inflation that has been running at a year-over-year pace of 7.9%. The challenge is to do this without sending the economy into recession. Some economists and observers are already raising the specter of stagflation, which means high inflation coupled with a stagnating economy.”

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