Why You’re About To Pay Much More for EVERYTHING

A recent analysis by Chicago Fed economists suggests that the Federal Reserve's series of interest rate hikes over the past 18 months might be adequate to steer the inflation rate towards the central bank's 2% target by mid-2024, sidestepping a potential recession. The Fed has already implemented 5.25 percentage points of rate hikes, which have played a role in moderating inflation from its peak in June 2022. Policymakers are now pondering the necessity of additional rate hikes to achieve the 2% target amidst a resilient post-pandemic economy that has responded robustly even with the benchmark rate reaching a 22-year high. Economists Stefania D'Amico and Thomas King highlighted that policy shocks were more potent at the onset of this tightening cycle, implying that the largest impacts might have already occurred, but further effects, potentially significant, might unfold to align inflation with the target swiftly. #FedPolicy #InterestRateHikes #Inflation #economy

Timestamps:
Inflation Is Going Wild 0:31
Debt Is Off the Charts 4:47
What Can I Do? 12:12

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