Another big interest rate hike is coming, as the Fed battles stubborn inflation
• The Federal Reserve is expected to raise interest rates by another 0.75 percentage points today, as it tries to control runaway prices.
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• The Federal Reserve is expected to raise interest rates by another 0.75 percentage points today, as it tries to control runaway prices.
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• Falling gasoline prices are expected to put a dent in the July inflation rate due out this morning. But other costs such as housing continue to climb, putting a strain on many family budgets.
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• U.S. Federal Reserve raises rates for fourth time in 2022, this time by another three-quarters of a percentage point to battle inflation. It’s at a size and pace we haven’t seen since the 1980s.
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• The annual inflation rate likely eased somewhat in April, but not enough to meaningfully reduce the burden on lower-income Americans.
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• Last week’s economic news was dominated by the report that the Federal Reserve cut the federal funds rate quarter of a percentage point, and that the Fed had to intervene in the overnight repurchase market. 90.7’s Matthew Peddie sat down with economic analyst Hank Fishkind to talk about what this means for Central Florida’s economy.
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• The Federal Reserve raised interest rates, Congress passed a budget, and Florida released its latest employment numbers last week. That’s kept economic analyst Hank Fishkind busy.
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