Consumer Price Index

June 13, 2024
Federal Reserve holds rates steady at 23-year high premium
As predicted, the Federal Reserve held rates steady at Wednesday's meeting, remaining at a 23-year top. Despite the updated forecasts indicating a potential 25 basis point cut this year, the Federal Reserve chose to hold rates at 5.25 to 5.5%, a decision that could have significant implications for the economy. The latest US Consumer Price Index (CPI) report, a significant economic indicator, revealed no rise in inflation for May, potentially indicating a shift in the Federal Read More

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