The Federal Reserve, having raised interest rates at the fastest pace in four decades, is poised Wednesday to leave rates alone for the first time in 15 months to allow time to gauge the impact of its aggressive drive to tame inflation. Yet top Fed officials have made clear that any such pause may be brief — more of a “skip” — with another rate hike likely as soon as their next meeting in late July. Fed Chair Jerome Powell and other top policymakers have also indicated that they want to assess how much a pullback in bank lending might be weakening the economy.
    • pkulak@beehaw.orgEnglish
      4·
      2 years ago

      Lol. Taking full advantage of downvotes being turned off. I can respect that!

        • MachineTeaching@feddit.de
          1·
          2 years ago

          No, quite the opposite. What I said is correct, which you can verify by looking up inflation figures, but I’ll save you the trouble.

          US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year.

          https://ycharts.com/indicators/us_inflation_rate

          Also, it would be great if, in the future, you could put some more thought into your choice of words. We can disagree with each other without such a hostile tone and if I understand correctly, especially beehaw is trying to be a bit of nicer place and you weren’t very nice in your comment to me.

    • anji@lemmy.anji.nl
      1·
      2 years ago

      They’re trying to find the middle ground. More 0% rates would destroy the economy with inflation, but 20% rates would destroy the economy with corporate slowdowns, an epidemic of bank failures, and great-depression scale unemployment. Inflation is high but trending down so they think the current policy is working.

    • agarorn@feddit.de
      1·
      2 years ago

      Dude. You how by how much state bonds would drop with such a jump? Silicon valley bank would be peanuts compared to that.