On The Radar

On The Radar

December 27, 2022

What did the Fed decide at its year-end meeting?

The Fed is singularly focused on reducing the rate of inflation.

As a result, the Federal Reserve will raise interest rates higher than previously thought and plan to keep them higher for a longer period to prevent inflation from becoming entrenched in the economy. This will take its toll on labor, as the Fed expects the unemployment rate to increase to 4.6% next year from the present level of 3.7%.