Will the most recent interest rate hike lower inflation to needed levels?
May 17, 2023
Earlier this month, the Federal Reserve raised interest rates by another quarter of a point (0.25%), in its most recent maneuver to continue to stave off the effects of still-high inflation levels on the United States economy and get inflation down to 2%. Yes, inflation is trending down, but many economists have indicated it is not occurring at a swift enough pace.