Friday, April 12, 2024

The Fed might not be done raising interest rates

The Fed might not be done raising interest rates

Snippet of Article: "...CNN — Interest rate cuts have been the main focus for Wall Street ever since the end of last year, when Federal Reserve officials indicated they intended to lower rates. But stubborn inflation now has some investors wondering about the exact opposite: a rate hike. ...Then came March’s Consumer Price Index report, which showed prices rose 3.5% last month from a year earlier, up considerably from February’s 3.2% and higher than economists’ expectations. That also marked the highest reading in half a year. "

Source: www.cnn.com