The Ups and Downs of the Interest Rate

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According to the Washington Post, the Federal Reserve announced Wednesday that it would not raise interest rates this month.

Questions:

  1. How many consecutive interest rate hikes over 15 months has the Federal Reserve made to curb inflation up to this point?
  2. What did the Tuesday inflation numbers show just a day prior to this announcement?
  3. How many jobs were added in May?
  4. What are the confluency of issues that make this economic situation a “real head-scratcher?”
  5. How do the interest rate hikes affect most Americans?

Source:

Siegel, R. and A. Bhattarai. (2023). Fed leaves rates unchanged for first time since March 2022. The Washington Post, June 14 (Retrievable online at https://www.washingtonpost.com/business/2023/06/14/fed-expected-leave-rates-unchanged-first-time-since-march-2022/)