The Federal Reserve’s latest meeting of the Federal Open Market Committee (FOMC) was held on February 23rd, 2023. The main topic of discussion was whether or not to raise interest rates by 25 basis points, with almost all participants agreeing that it would be appropriate to do so. While participants noted that inflation had eased…
Housing Market Trends in Boston show that Boston housing market is facing some significant challenges, but there are early signs of a potential recovery. The shortage of homes for sale and rising prices have made it increasingly difficult for buyers to enter the market, but the importance of shelter in driving CPI-housing growth is a…
Federal Reserve Bank of Richmond President Thomas Barkin recently expressed concerns about rising inflation in the United States, indicating that the central bank may need to raise interest rates to a higher level than previously anticipated. With inflation continuing to run too fast for comfort, Barkin believes that the Federal Reserve may need to take…
Inflation Moderates in the US but Remains Elevated. The latest report from the Labor Department shows that US inflation moderated in January, but it still remains at historic highs. The consumer-price index (CPI), a closely watched measure of inflation, climbed 6.4% in January from a year earlier, down from 6.5% in December. This marked the…