25 min
Could May's rate hike be the final increase of the year? Nationwide Market Insights
-
- Business
May 3, 2023: The FOMC announced a 25 basis point increase in the fed funds rate in its continued effort to slow down inflation. How effective has this tightening cycle been on controlling inflation? In what ways has the overall economy been impacted? When could the Fed decide to lower rates again? Nationwide's Chief Economist Kathy Bostjancic and Senior Economist Ben Ayers provide their analysis of today's FOMC announcement and how it could impact the overall economy.
May 3, 2023: The FOMC announced a 25 basis point increase in the fed funds rate in its continued effort to slow down inflation. How effective has this tightening cycle been on controlling inflation? In what ways has the overall economy been impacted? When could the Fed decide to lower rates again? Nationwide's Chief Economist Kathy Bostjancic and Senior Economist Ben Ayers provide their analysis of today's FOMC announcement and how it could impact the overall economy.
25 min