BBCNEWS Asia July 2, 2024
see, raising interest rates is the fed's best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it's still higher than the fed's target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they'll have a chance this week, or at their last meeting in december, or they could not do it at all. investors and economists are predicting that policymakers will skip a rate hike th...