The most widely watched inflation gauge is the consumer price index. Some evidence shows that inflation is cooling. Is a 2023 recession coming? Job growth likely to slow sharply, companies brace for impact Is inflation going down from the Fed's interest rate hikes? Smaller in size than some previous hikes but on par with more recent ones from this year, the move was meant to help wrestle down soaring inflation. How much did the Fed raise interest rates?Īt the Fed's last meeting, which was held from May 2 to May 3, interest rates were bumped up 0.25 percentage points. The next Federal Reserve meeting will be held from June 13 to the 14th. Federal Reserve 2023 Meeting Scheduleįed meeting live updates: Will there be another interest rate hike? Here's what to know. Looking ahead, this is when the Federal Reserve plans to meet for the rest of 2023. The trick is to moderate inflation without sending the economy into a recession, what economists call a " soft landing." The goal is to curb borrowing, cool off an overheated economy and fend off inflation spikes. The Fed lifts rates to raise the cost of borrowing for businesses and shoppers. The Fed will meet again Tuesday and Wednesday, and while economists expect the central bank to refrain from hiking rates this month, there could be more ahead. But that increase is not expected to be the last this year. That move, down from a half-point bump in December and in line with rate increases in February and March, signaled a more positive outlook on stubbornly high inflation.
The Federal Reserve eased its foot off the brake earlier this year.Īt a meeting held in early May, Fed chair Jerome Powell announced a rate hike of 0.25 percent point.
0 kommentar(er)
