Federal Reserve faces no easy choices with stubborn inflation and economic strains
WASHINGTON (TNND) — The Federal Reserve appears poised to make its first rate hike since 2023 after hotter-than-expected inflation and fears that higher oil and diesel prices could become entrenched in the economy with few indications the war in Iran will close anytime soon.
The report shifted the discussion around interest rates from when officials will move them to how many hikes will be necessary to get inflation back to target.