Fed’s Goolsbee Says Last Week’s Rate Decision Was a ‘Close Call’
Chicago Fed President Austan Goolsbee said, decision to hold interest rates steady last week was a “close call.
Chicago Fed President Austan Goolsbee said, decision to hold interest rates steady last week was a “close call.
Federal Reserve Bank of Atlanta President Raphael Bostic said he supports holding the central bank’s target-rate level for the rest of 2023.
In the past 74 years, the US has only avoided a recession once when unemployment moved up by 1%.
For many clients, it can be difficult to make ends meet during periods of high inflation, let alone save money for retirement.
Following nine successive Fed interest rate hikes and inflation hitting peak of 9.1% in June '22, US public pensions are ‘building for the long term.'
The last time confidence declined this much was in 2008 during the global financial crisis.
By most measures prices in 2021 rose by the fastest pace in 40 years. Then in 2022, inflation went higher still peaking at 9.1 percent year over year.