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


  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?


Siegel, R. and A. Bhattarai. (2023). Fed leaves rates unchanged for first time since March 2022. The Washington Post, June 14 (Retrievable online at