{"id":3875,"date":"2023-05-10T10:03:12","date_gmt":"2023-05-10T15:03:12","guid":{"rendered":"https:\/\/embarrdowns.com\/us-federal-reserve-raises-interest-rates-for-the-10th-time-in-14-months-to-tackle-inflation\/"},"modified":"2023-05-10T10:03:12","modified_gmt":"2023-05-10T15:03:12","slug":"us-federal-reserve-raises-interest-rates-for-the-10th-time-in-14-months-to-tackle-inflation","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/us-federal-reserve-raises-interest-rates-for-the-10th-time-in-14-months-to-tackle-inflation\/","title":{"rendered":"US Federal Reserve Raises Interest Rates for the 10th Time in 14 Months to Tackle Inflation"},"content":{"rendered":"

The US Federal Reserve has raised interest rates for the 10th time in 14 months to tackle inflation, bringing the benchmark rate to between 5% and 5.25%.[0]<\/a><\/sup> The Fed is considering additional hikes to bring inflation down to its goal of 2%.[1]<\/a><\/sup> While inflation has dropped from last summer’s high of 9.1%, it remains above the target rate, and policymakers fear it could become a permanent threat to workers and families.[2]<\/a><\/sup> However, the cost of groceries fell 0.2% in April, and there are signs that the rate of price increases for used cars and trucks may be temporary.[3]<\/a><\/sup> The Fed has removed an indication\u00a0from its previous policy statement that future interest rate increases are warranted, instead basing decisions on incoming data.[4]<\/a><\/sup> The probability of the federal funds rate target range remaining at 5%-5.25% at the June meeting has increased to 89.2% from 78.8%.[5]<\/a><\/sup><\/p>\n

0. <\/span>“Inflation eased in April, even as bank crisis slows economy, CPI figures show” The Washington Post, 10 May. 2023, https:\/\/www.washingtonpost.com\/business\/2023\/05\/10\/inflation-april-cpi-fed\/<\/a><\/a><\/p>\n

1. <\/span>“Prices inched down in April as yearly inflation drops to 4.9%” MLive.com, 10 May. 2023, https:\/\/www.mlive.com\/public-interest\/2023\/05\/prices-inched-down-in-april-as-yearly-inflation-drops-to-49.html<\/a><\/a><\/p>\n

2. <\/span>“CPI: Inflation rate falls below 5% for first time since June 2021” CBS News, 10 May. 2023, https:\/\/www.cbsnews.com\/news\/consumer-inflation-cpi-april-4-9\/<\/a><\/a><\/p>\n

3. <\/span>“Inflation jumped 0.4% in April as prices remain stubbornly high” Fox Business, 10 May. 2023, https:\/\/www.foxbusiness.com\/economy\/cpi-inflation-april-2023<\/a><\/a><\/p>\n

4. <\/span>“Price hikes cooled slightly in April, continuing monthslong slowdown” ABC News, 10 May. 2023, https:\/\/abcnews.go.com\/Business\/fresh-inflation-data-show-cooling-continued-april\/story?id=99194165<\/a><\/a><\/p>\n

5. <\/span>“CPI rises 0.4% in April, as expected; core CPI holds at 0.4% M\/M” Seeking Alpha, 10 May. 2023, https:\/\/seekingalpha.com\/news\/3969040-cpi-rises-04-in-april-as-expected-core-cpi-holds-at-04-mm<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The US Federal Reserve has raised interest rates for the 10th time in 14 months to tackle inflation, bringing the benchmark rate to between 5% and 5.25%.[0]<\/a><\/sup> The Fed is considering additional hikes to bring inflation down to its goal of 2%.[1]<\/a><\/sup> While inflation has dropped from last summer’s high of 9.1%, it remains above the target rate, and policymakers fear it could become a permanent threat to workers and families.[2]<\/a><\/sup> However, the cost of groceries fell 0.2% in April, and there are signs that the rate of price increases for used cars and trucks may be temporary.[3]<\/a><\/sup> The Fed has removed an indication\u00a0from its previous policy statement that future interest rate increases are warranted, instead basing decisions on incoming data.[4]<\/a><\/sup> The probability of the federal funds rate target range remaining at 5%-5.25% at the June meeting has increased to 89.2% from 78.8%.[5]<\/a><\/sup><\/p>\n

0. <\/span>“Inflation eased in April, even as bank crisis slows economy, CPI figures show” The Washington Post, 10 May. 2023, https:\/\/www.washingtonpost.com\/business\/2023\/05\/10\/inflation-april-cpi-fed\/<\/a><\/a><\/p>\n

1. <\/span>“Prices inched down in April as yearly inflation drops to 4.9%” MLive.com, 10 May. 2023, https:\/\/www.mlive.com\/public-interest\/2023\/05\/prices-inched-down-in-april-as-yearly-inflation-drops-to-49.html<\/a><\/a><\/p>\n

2. <\/span>“CPI: Inflation rate falls below 5% for first time since June 2021” CBS News, 10 May. 2023, https:\/\/www.cbsnews.com\/news\/consumer-inflation-cpi-april-4-9\/<\/a><\/a><\/p>\n

3. <\/span>“Inflation jumped 0.4% in April as prices remain stubbornly high” Fox Business, 10 May. 2023, https:\/\/www.foxbusiness.com\/economy\/cpi-inflation-april-2023<\/a><\/a><\/p>\n

4. <\/span>“Price hikes cooled slightly in April, continuing monthslong slowdown” ABC News, 10 May. 2023, https:\/\/abcnews.go.com\/Business\/fresh-inflation-data-show-cooling-continued-april\/story?id=99194165<\/a><\/a><\/p>\n

5. <\/span>“CPI rises 0.4% in April, as expected; core CPI holds at 0.4% M\/M” Seeking Alpha, 10 May. 2023, https:\/\/seekingalpha.com\/news\/3969040-cpi-rises-04-in-april-as-expected-core-cpi-holds-at-04-mm<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":3874,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/3875"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=3875"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/3875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/3874"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=3875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=3875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=3875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}