after aggressively raising interest rates for the last year and a half, the federal reserve believes it s in a place where it can leave rates, where they are to cool the economy and to slow inflation from its current 3.7% on a yearly basis to closer to 2%. but even though america s central bank opted not to hike right now, fed chairjerome powell suggested officials are prepared to do more if inflation flares again. the idea that you wouldn t would difficult to to raise again after stopping for a meeting or two is just not right. i mean, the committee will always do what what it thinks is appropriate at the time. right now, things look good, even though it s pricey for americans to get a mortgage or carry credit card debt. growth was stronger than expected over the summer. the world s largest economy is still adding jobs on a monthly basis. and the government s latestjobs report is due out this friday. fed staff also don t see a recession, so they don t want to rock the boat,
place it can leave rates where they are, to cool the economy and slow inflation from its current 3.7%, to closer to 2%. even though america s central bank opted not to hike right now, fed chairjerome powell suggests they are prepared to do more. , do more. the committee will alwa s do more. the committee will always do do more. the committee will always do what do more. the committee will always do what it do more. the committee will always do what it thinks - do more. the committee will always do what it thinks is i always do what it thinks is appropriate at the time. right now, appropriate at the time. right now. things appropriate at the time. right now, things look appropriate at the time. right now, things look good. - appropriate at the time. right now, things look good. even i now, things look good. even though it s pricey for americans to get a mortgage or carry credit card debt, growth was stronger than expected over the summer, the world s largest economy
see, raising interest rates is the fed s best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week, or at their last meeting in december, or they could not do it at all. investors and economists are predicting that policymakers will skip a rate hike this week and, instead, hold rates steady, giving everything more time to work its way through the economy. we ll know the fed s next step on wednesday. one of the many things that have become more expensive for consumers is energy. oil prices have swung wildly over the last few years, due to the pandemic and the war in eastern europe. at one point, after russia invaded ukraine, prices rose to about
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