Inflation (Economics) – Page 55

Fed Raises Interest Rates But Hints at Future Pause

The Fed raised rates by a quarter point, bringing them above 5 percent for the first time in more than 15 years.

Federal Reserve officials will release a rate decision at 2 p.m. The key question is what will come next.

The annual rate of inflation reached 7 percent, but the underlying “core” rate eased for the first time in 10 months.

The Federal Reserve will release a policy decision on Wednesday on the heels of another bank collapse.