The latest news on the economy, jobs market, U.S. trade and housing, including the latest news and analysis on the Federal Reserve and Central Banking.
In March 2022, the United States Federal Reserve began a series of aggressive rate hikes in an effort to tame an 8.5% year-over-year inflation rate1 that peaked at 9.1%, the highest rate in roughly. | June 14, 2023
The price of goods and services in the US continue to rise at rates unseen in decades, jumping 7% in December compared to the same month last year, the seventh consecutive month in which inflation has topped 5%.