Big Business This Week: Why the Fed Paused On Another Rate Rise
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With inflation still above target, what does the Federal Reserve’s decision this week to hold the federal funds rate steady at 3.75% to 4% mean for households and businesses? Big Business This Week spoke with economist Dr. Rebecca Homkes, a strategy adviser and a lecturer at the London Business School, about supply shocks, the inflation numbers and why consumers need clearer guidance.
Why was holding interest rates steady the right decision?
I think the Fed made the right move of not moving. There is a risk of raising too quickly, too much. Most of…
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