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Economy Slows, Fed Holds Rates | Dayton News
The economy cooled to 1.5% growth in Q2, down from 2.1% in Q1, hit by weaker government spending, investment, and exports—but consumer spending kept it afloat. Inflation remains stubborn, with core rates at 3.3% above the Fed’s 2% target, sparking a split vote at the Fed’s last meeting: three members voted to raise rates for the first time in three years, yet rates stayed unchanged. Fed Chair insists cutting rates is not imminent, stressing inflation control will take time, and he’s now committing to regular press briefings to boost transparency. Listen in comfort:Get a discount on a Soli…
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