According to the minutes from the Federal Open Market Committee’s most recent meeting, released Wednesday, the majority of policymakers believe another interest rate increase is forthcoming this year.
The document indicates that while the immediate meeting has concluded, views on future monetary policy direction remain focused on further tightening. Most participants assessed that raising the target range for the federal funds rate again was a likely step as the central bank continues its efforts to manage economic conditions and inflation.
The Fed is playing catch-up. They should have moved faster last year. We are already behind the curve.
Are they sure higher rates will actually cool demand without triggering a recession? Seems risky.
I guess I should stop buying that expensive coffee if I want to keep my job in this economy.
Wait, does this mean my mortgage is going up again? I thought we were done with this for a while.
Inflation is still too high. More rate hikes are necessary, even if they cause some pain.