Interest Rates – Page 30

At the Front Lines of the Inflation Fight, Uncertainty Reigns

Central bankers and economists gathered and, amid concerns about persistent inflation, wondered about all the things they still don’t know.

The Federal Reserve is monitoring “core” price increases for a hint at how inflation will develop. They slowed slightly in May.

It has been an arduous process to get the financial system to stop relying on the tarnished interest-rate benchmark.

Home construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists.

At the moment, money market funds and many bonds are not only less risky, but at current interest rates, they are compelling.