FOMC raises rates again — Hope is not a strategy

Economic Insights by Nationwide · Jun 16, 2022 · 19m

In the June FOMC meeting, the Fed announced an increase of interest rates by three quarters of a percent, the largest increase in nearly 30 years. How much higher could the Fed raise rates? How could this help to slow down inflation? Could a recession be on the horizon? Nationwide's Chief Economist David Berson and Deputy Chief Economist Bryan Jordan provide their perspectives on the Fed's announcement and share their outlook on future rate increases.[NFM-20130AO.38]