The cost of borrowing money is probably about to go up again. The Federal Reserve is expected to raise interest rates at its July meeting in an effort to rein in stubbornly persistent inflation. "As price increases bedevil consumers at the gas pump and in the grocery aisle, the Fed believes that it needs to bring inflation under control swiftly in order to set the economy on a path toward healthy and sustainable growth," Jeanna Smialek and Jim Tankersley write for The New York Times. The Fed's m...
The cost of borrowing money is probably about to go up again. The Federal Reserve is expected to raise interest rates at its July meeting in an effort to rein in stubbornly persistent inflation. "As price increases bedevil consumers at the gas pump and in the grocery aisle, the Fed believes that it needs to bring inflation under control swiftly in order to set the economy on a path toward healthy and sustainable growth," Jeanna Smialek and Jim Tankersley write for The New York Times. The Fed's m...
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