Wages, employment, inflation are up... causing headaches for the Fed rates
The Federal Reserve is expected to hold interest rates steady this week — and possibly for months to come — as policymakers try to sort through mixed signals about the U.S. economy.
by Scott Horsley
Apr 30, 2024
3 minutes
The Federal Reserve has promised to be "data driven" in deciding when to cut interest rates. But some of the recent economic data has the central bank driving in circles.
Economic growth is slowing. But hiring appears to be picking up. Cars are getting cheaper but auto insurance is more expensive. Inflation is lower than it was a year ago but higher than it was last month.
As they try to sift through sometimes contradictory economic signals, Fed policymakers
You’re reading a preview, subscribe to read more.
Start your free 30 days