For the first time in 15 months, the Fed paused hikes in interest rates as inflation has started to wane — although it remains high. Mark Strassmann reports.
Economy sends mixed signals as Fed pauses interest rate hikes.... Default is the new black at San Francisco's Westfield Mall
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The US is sitting at around 4.0 inflation (down 40% since last summer 2022) and is projected to decline into the 2s in summer 2024. Sucks if you're trying to buy a house right now or lease a vehicle/boat but its looking like those rate hikes have worked at least temporarily.
Don't know what Germany, Mexico or the UK's problem is though.
Don't know what Germany, Mexico or the UK's problem is though.
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