The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.
Tag: Consumer Behavior
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How Will Interest Rate Increases Impact Inflation?
The Federal Reserve is raising interest rates to fight inflation. Some economists want more; some politicians want less. What’s the logic?
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Fed Prepares Another Rate Increase as Wall Street Wonders What’s Next
Central bankers around the world have been picking up the pace of rate increases. Now the big question looms: When will they slow down?
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Fed Moves Toward Another Big Rate Increase as Inflation Lingers
As the Federal Reserve battles rapid inflation, officials are likely to stay on an aggressive path even as signs of economic cooling emerge.
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Gas Prices Force Many to Rethink Driving, and Spending
As summer trips beckon, some are traveling less, at least by car. And those candy bars at the convenience store may find fewer takers.