Another strong inflation rate in April could continue to put pressure on the Federal Reserve to continue raising rates by at least 0.5 percentage points at the central bank’s upcoming policy meeting.
Wednesday’s report on consumer prices Provided some signs This will allow Fed officials to regain a more aggressive pace of rate hikes this summer. And it is possible to conclude that most of them need to rise to nearly 4% in the next 12-18 months, rather than the level of about 3% predicted at the policy meeting two months ago.
April Inflation Report Concludes Fed’s Half-Point Interest Rate Rise Path
Source link April Inflation Report Concludes Fed’s Half-Point Interest Rate Rise Path