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By Casey QuinlanThe Kentucky LanternConsumers are getting some relief from higher prices as core inflation, which excludes food and energy, continues to show signs of cooling — an encouraging
This is the second month core inflation has reached pre-pandemic levels, according to an analysis by the Roosevelt Institute.
Consumers are getting some relief from higher prices as core inflation, which excludes food and energy, continues to show signs of cooling.
Throughout the Federal Reserve's drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith. The Fed last week raised its policy rate to the 5.25%-5.50% range, the 11th increase in the last 12 meetings.
The Federal Reserve has raised interest rates again. When should it stop?