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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

Gun Violence Soared During the COVID-19 Pandemic for Complex Reasons

In a new study, we found that the overall U.S. gun violence rate rose by 30% during the first year of the COVID-19 pandemic compared to the year before. In 28 states, the rates were substantially higher between March 1, 2020, and March 31, 2021, compared to the pre-pandemic period from Feb. 1, 2019, through Feb. 29, 2020. There were 51,063 incidents of gun violence events resulting in injury or death in the United States in the first 13 months of the pandemic compared to 38,919 incidents in the same time span pre-pandemic.

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