The president of the Atlanta Federal Reserve said a "significant" slowdown in inflation gives the central bank scope to leave interest unchanged in...
The president of the Atlanta Federal Reserve said a “significant” slowdown in inflation gives the central bank scope to leave interest rates unchanged in September and keep the Fed on hold until next year.
The... The president of the Atlanta Federal Reserve said a “significant” slowdown in inflation gives the central bank scope to leave interest rates unchanged in September and keep the Fed on hold until next year. The Fed last week raised a key short-term interest rate for the 11th time in less than a year in a half. That brought the rate up to a top end of 5.5% from near zero in the spring of 2022.
The economy has remained fairly strong, however, despite higher rates and inflation has eased considerably. The rate of inflation slowed to 3% in June from a 40-year high of 9.1% last year, based on the consumer price index.
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