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03-17-22 Deflating
First News with Jimmy Cefalo
English - March 17, 2022 12:18 - 4 minutes - 3.69 MB - ★★★★★ - 6 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 03-17-22 Florida's Changing Landscape
Next Episode: 03-17-22 I Need a Nap
Caleb Silver is Editor in Chief of Investopedia *Follow him on Twitter: @calebsilver. By its own admission, the central bank underestimated the breadth and persistence of high inflation after the pandemic struck. As a result, the Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and indicating there could be up to six more rate hikes this year.