AdvertisementU.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., on May 3, 2023. At the same time, the gradual but steady decline in overall inflation suggests that the Fed’s rate hikes have had some success. The central bank has jacked up its key rate by a substantial 5 percentage points since March 2022. Or the policymakers might decide to raise their key rate one last time in July, to about 5.4%, and keep it there. If inflation were to remain chronically high in the months ahead, the Fed might decide to continuing raising rates.

Source: Huffington Post June 14, 2023 14:33 UTC