The view that higher rates help stamp out inflation is essentially an article of faith, based on long-held economic gospel. But how does it really work?
By Ann Saphir and Lindsay Dunsmuir (Reuters) -The Federal Reserve might have raised interest rates by half a percentage point last month to deal a more
American consumers are starting to hit their breaking point hotair.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hotair.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg Opinion) Signs are emerging that the resilience of American consumers is rapidly waning, potentially undermining one of the few remaining pillars supporting the bull market in equities.
U.S.
The Federal Reserve announced on Wednesday it raised its target for short-term interest rates a quarter-percentage point to 0,50% and anticipated six/seven more rate increase for the rest of 2022, as the US faces the highest inflation in four decades.