Overview

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Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come. Hace 2 días The Fed is not facing any economic trade-off just yet, bolstering officials’ confidence that they can afford to be patient about rate cuts. At the May meeting, Jerome H. Powell, the Federal Reserve Chair Jerome Powell has warned that more interest rate hikes are coming. Indeed, speaking on Friday, the Fed Chair said that interest rate hikes Despite President Trump’s calls for lower interest rates, the Federal Reserve left its benchmark rate unchanged, warning of higher unemployment and higher inflation Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux. With inflation in the United States still too high, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell said in prepared Fed Chair Powell suggested in a speech on Thursday that policymakers are revising their view of longer-term interest rates upward. Realtor.com Real Estate App 314,000

Fed Chair Warns: More Interest Rate Hikes Coming - What it Means for You

Federal Reserve Chair Jerome Powell has warned that more interest rate hikes are coming. In a recent statement, Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.

Why More Rate Hikes?

With inflation in the United States still too high, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell said. Fed Chair Powell suggested in a speech on Thursday that policymakers are revising their view of longer-term interest rates upward.

The Fed\'s Stance on Inflation

Hace 2 días The Fed is not facing any economic trade-off just yet, bolstering officials’ confidence that they can afford to be patient about rate cuts. At the May meeting, Jerome H. Powell, the Federal Reserve Chair, emphasized the need to continue fighting inflation. Indeed, speaking on Friday, the Fed Chair said that interest rate hikes are still on the table.

Impact on the Economy

Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux. This will affect everything from mortgage rates to credit card APRs.

What Does This Mean for You?

Prepare for potentially higher borrowing costs. Keep an eye on the market and consider consulting with a financial advisor to navigate the changing economic landscape. Realtor.com Real Estate App 314,000 can help you track real estate trends impacted by these rate changes.

The Fed\'s Independence

Despite President Trump’s calls for lower interest rates, the Federal Reserve left its benchmark rate unchanged, warning of higher unemployment and higher inflation. This highlights the Fed\'s commitment to controlling inflation, even in the face of political pressure.