Update 741 — Fed Holds Rates; CPI 3.1%: (When) Can Fed Pivot from Long Pause?
The Fed’s almost two year campaign of high interest rates, painful medicine to fight the worst bout of inflation in 40 years, is proving out, impelling the Fed to hold interest rates at its current 5.25-5.50 percent range. Price increases fell again in November, led by moderation in the key energy sector — where the …
Update 741 — Fed Holds Rates; CPI 3.1%: (When) Can Fed Pivot from Long Pause? Read More »