By raising interest rates, the Federal Reserve hopes to prevent consumers from believing higher prices will last forever.
Tag: Inflation (Economics)
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Tell us how the economy is affecting you.
Sharing your experience will help inform our coverage of inflation, jobs, interest rates and more.
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Federal Reserve Makes Another Supersized Rate Increase to Tame Inflation
The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.
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Can Democrats Avoid a Midterm Wipeout?
The upcoming election season might be more competitive than predicted.
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Manchin, in a Reversal, Agrees to Climate and Tax Package
The West Virginia Democrat, a holdout on his party’s domestic agenda, said the package would reduce inflation, a concern he had cited in rejecting it just weeks ago.