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WASHINGTON (AP) — Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much hi
WASHINGTON - Last year's spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure - much higher interest rates, to cool spending and hiring - was expected to bring even more pain. Grim …
As interest rates have surged, inflation has tumbled from its peak of 9.1% in June 2022 to 3.7%. Yet the unemployment rate, at a still-low 3.8%, has scarcely budged since March 2022, when the Fed began imposing a series of 11 rate hikes at the fastest pace in decades. What's going on?
WASHINGTON (AP) — Last year's spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to
As interest rates have surged, inflation has tumbled from its peak of 9.1% in June 2022 to 3.7%.