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FOMC Interest Rate Hike and Persistent Inflation

Nasdaq +1 ·

  1. 1Kevin Warsh became the 17th head of the central bank on May 22.
  2. 2The FOMC recorded a 25bp increase in the federal funds target rate on September 16, forming a target range of 3.75%-4.00%.
  3. 3As of August, the annual inflation rate continued its 66th consecutive month of exceeding the FOMC's long-term target of 2%.

So what's the key point?

A new head of the central bank has been appointed, and interest rates have been set between 3.75% and 4.00%. Prices have remained higher than the target level for 66 months.

Source Nasdaq +1 · View original ↗

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