At their January-February meeting, the Federal Reserve agreed to slow the pace of interest rate increases to a quarter of a percentage point, but also agreed that the risks of high inflation warranted continued rate hikes until it was controlled. Data since the meeting has shown an economy continuing to grow and add jobs at an unexpected rate, but inflation remains above the Fed\’s 2% target. Participants at the meeting agreed that the Fed had made significant progress in tightening monetary policy, but more increases may be needed if inflation is to be brought back to the target. Follow the Fed\’s activity and stay informed with the latest updates on the economy by joining my Facebook group.
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