has been in the housing market that you have been seeing the higher rates and the higher mortgage rates are cooling activity. people are taking a second thought as to whether or not they want to go forward. and now, inflation is another thing that is going to be talking about. well, they paused last week, and there is a stair step of the higher rates, and he is saying that the fed s inflation fight is not over, and all of the effects have not made their way through the market yet, and the inflation rate is still high, and the job market is still quite strong, and watching that, and you can expect more rate hikes. you have heard from one democratic senator who said that the cure for high inflation is not painful, too, and you are not trying to run down the job market, and that is the contradiction that so many americans are curious about, the fed to kill inflation may have to hurt the job market more, and so there is no easy way out of
Fed Keeps Rates on Hold, China Cuts, ECB Expected to Raise; Beyoncé Effect Hits Sweden By James Christie Good day. The Federal Reserve kept interest rates unchanged yesterday, but holding the benchmark federal-funds rate in a range between 5% and 5.
Stay updated with the latest financial market news, including the falling dollar, rising jobless claims, inflation data, and upcoming interest rate decisions.
The Labor Department will release its latest update on consumer inflation and Google will introduce new artificial intelligence technology at its developer conference. Here’s what investors need to know today.
consumer. and what we ve seen is over the first three months of the year, consumer strength was there. it is really other things around the consumer that looks a little shaky right now. and that is what might affect the consumer as we go into the rest and second half of the year. so ten rate hikes in a row. is the inflation fight working? it is working. but it is not working quickly. and that is the issue. there seems to be a bit of stickiness in inflation. so it came down quickly. earlier on, it came down from the 9%. but it is starting to stall out a little bitten about and inflation has shifted. it has gone from supply chain logjams which has to ease, and that is great news, and energy price which is have also come down, but shifted in to services. and those tied to housing, tied to medical care, are not that