Inflation Jumped in February. Should Consumers Say Goodbye to 2024 Interest Rate Cuts?
The Motley Fool
MARCH 15, 2024
Image source: The Motley Fool/Upsplash Inflation has been wreaking havoc on consumers' personal finances since 2021. To combat it, the Federal Reserve spent much of 2022 and 2023 implementing interest rate hikes. By making it more expensive to borrow money, the Fed's goal was to drive consumers to curb their spending, thereby narrowing the gap between supply and demand that caused inflation to surge.
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