To: ChicagoConservative27
Consumer prices rose 0.4 percent in April to hit an annual increase of 4.9 percent, The "target" inflation is about half that, meaning it is still twice as high as it should be.
2 posted on
05/10/2023 6:31:16 AM PDT by
1Old Pro
To: 1Old Pro
The question is: has inflation slowed enough in the eyes of the Federal Reserve so they can resume hiking rates?
3 posted on
05/10/2023 6:32:45 AM PDT by
Tell It Right
(1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
To: 1Old Pro
Which means they are not done raising rates. Expect another .50 over the next six months. Then they will pause when unemployment gets to 3.8% or more.
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