Here are excerpts from three of those articles.
Even worse, some worry higher rates could lead to what’s known as stagflation.īut how does the Fed get rising consumer prices under control, can it avoid the dreaded R word – recession – and what the heck is stagflation? In recent weeks, we’ve asked several experts to explain these complex topics to help readers better understand what’s at stake as the Fed takes on its biggest inflation fight in two generations. More rate hikes are forecast in the coming months.Įconomists, financial markets and others are concerned that rising rates could send the economy into recession. central bank’s effort to slow the fastest inflation in 40 years. The aggressive move, which has been expected for many months, is part of the U.S.
The Federal Reserve on May 4, 2022, lifted its benchmark interest rate by half a percentage point to a range of 0.75% to 1%, its biggest increase in 22 years.
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