The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
- Associate Professor of Finance, University of Nebraska Omaha
The consumer price index, which measures everything from the price of peanut butter to gasoline, jumped at an annualized pace of 8.5% in March 2022 as inflation continued to accelerate.
The Fed officially began its biggest inflation fight in four decades.
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