Page 5 - Fed Has News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Federal Reserve raised the interest rate by another 0.75 percentage point to help curb inflation.

Spending. they're pulling back on haircuts, salon appointments, manicures, pedicures, buying cars, all sorts of things. and that spending is down not just on goods but on services. talk a little bit about how long, if you can predict the future, how long do you think consumers are going to have to pare back in order to deal with the inflation that's shooing up their wage increases? >> you know, partly, he never asked gonna condiments for prediction of the future. there are still arguing about trying to predict things that already happened. but if you think about the consumer side, it's importa...

And sometimes, that's the right answer. in sometimes, that's not the right answer. now we got to hope that it's going to get a little bit of a tailwind as some of these supply disruptions hopefully ease over the summer. but there's definitely a risk that with fed starts raising rates, it leads us into recession that they raise the rates fastening the economy can handle. >> and that is a great segue into my next question, because i was wondering if by making money more expensive to borrow, it doesn't the fed run the risk of hastening a recession it's hoping to avoid? >> yeah, look, your on to e...

Things. now if that's also spreading over into services as you mentioned, that's going to be a leading indicator of is the fed tightening too hard. i think you've got a little bit of pent-up savings coming out of last year we had big tax cuts, big wage increases. but as people work through that and if the unemployment rate starts going up. they're going to run out of money. and you've already seen that. if it costs $125 to fill your gas tank, people are going to be more sensitive to the prices in other areas of the economy. >> yeah. it is pretty incredible to read the doubling stories, the fed...

That the fed is trying to do two things at once. and runs the risk of hastening, damage to the other. austin goolsbee, thank you for coming to the sunday show. >> great to see you again. >> and after the break, when you, i am on cam one. this is kim too. and you think of lgbtq civil rights history. many may think of new york and san francisco. my next guest argues the spark for the revolution was lit right here in the nation's capital. we'll talk about it next. about it next ass is green ♪ ♪ i'm way ahead of schedule with my trusty team ♪ ♪ there's heather on the hedges ♪ ♪ and ken...