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Fed's fight against inflation puts squeeze on middle class

More than half of middle-class Americans say higher borrowing costs are making it difficult to afford groceries, utilities and other basic needs. Despite roaring growth and a resilient job market, more middle-class Americans are worried about the state of the economy than a year ago, a Harris Poll for Bloomberg News has found. One big reason: The rapid increase in interest rates deployed by the Federal Reserve to rein in inflation, which are now expected to remain higher for longer.
United States Rebecca Acuna John Gerzema Joe Biden Tom Maley Federal Reserve

Fed's fight against inflation puts squeeze on middle class

More than half of middle-class Americans say higher borrowing costs are making it difficult to afford groceries, utilities and other basic needs. Despite roaring growth and a resilient job market, more middle-class Americans are worried about the state of the economy than a year ago, a Harris Poll for Bloomberg News has found. One big reason: The rapid increase in interest rates deployed by the Federal Reserve to rein in inflation, which are now expected to remain higher for longer.
United States Rebecca Acuna Joe Biden John Gerzema Tom Maley Federal Reserve

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