The Fed appears likely to keep raising interest rates after the latest report on Consumer Prices shows inflation is still a problem. The Commerce Department says consumer prices rose 0.6% from December to January, up sharply from November-to-December’s 2% increase . Since March of last year, the Fed has attacked inflation by raising its key interest […]
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More Fed Rate Hikes Seen As Response To Consumer Prices
The Fed appears likely to keep raising interest rates after the latest report on Consumer Prices shows inflation is still a problem. The Commerce Department says consumer prices rose 0.6% from December to January, up sharply from November-to-December’s 2% increase . Since March of last year, the Fed has attacked inflation by raising its key interest rate eight times.