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Are US interest rates high enough to beat inflation? The Fed will take its time to find out

May. 13, 2024 08:21 AM EDT

WASHINGTON (AP) — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. A major concern...

Are US interest rates high enough to beat inflation? The Fed will take its time to find out

May. 13, 2024 05:06 AM EDT

WASHINGTON (AP) — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. A major concern...