Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this year
apnews.com
The Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.
        • MachineTeaching@feddit.de
          1·
          1 year ago

          No, quite the opposite. What I said is correct, which you can verify by looking up inflation figures, but I’ll save you the trouble.

          US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year.

          https://ycharts.com/indicators/us_inflation_rate

          Also, it would be great if, in the future, you could put some more thought into your choice of words. We can disagree with each other without such a hostile tone and if I understand correctly, especially beehaw is trying to be a bit of nicer place and you weren’t very nice in your comment to me.