Why the Federal Reserve Monitors the Cost of Services and Its Impact on Interest Rates
Sunday, 10 March 2024, 11:30
Understanding the Federal Reserve's Focus on Inflation Impact on Services
America's inflation problem has improved greatly, but it's proving to be stubborn when it comes to services. That means the Federal Reserve, which is tasked with stabilizing prices, could keep interest rates higher for longer if the rising cost of your haircut and doctor's visit doesn't slow soon.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.