It was a double-whammy Wednesday for economic-data enthusiasts. During the morning of June 12, 2024, the Bureau of Labor Statistics published its latest inflation figures. The news was relatively good, showing that inflation rose 3.3% in the year to May 2024 – less than some analysts had expected. A few hours later, the Federal Reserve […]
With the economy looking bright enough, the Federal Reserve seems content to play the waiting game
If there’s one thing you can say about Fed policymakers, it’s that they don’t make decisions on a whim. When the Federal Open Market Committee met on Jan. 31, 2024, it held interest rates steady – as most observers expected. That marks six months since the Fed last changed the base rate. And people should […]