Fed Interest Rates On The Rise, With Even More To Follow
The Federal Reserve reinforced its commitment to continue raising interest rates. Even if this means it will do so slowly. As of Wednesday, the Fed raised interest rates for the seventh time since the beginning of the year, signaling even more hikes to come. Though at the same time, stocks of goods have risen and used car, furniture, and toy prices fell. Putting us in a very interesting place. While inflation has moderated, prices are still rising enough to be a problem for the central bank.
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