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Inflation has exceeded the Fed’s 2% target since early 2021 when the U.S. economy overheated as it roared back from COVID-19 lockdowns.
Inflation has exceeded the Fed’s 2% target since early 2021 when the U.S. economy overheated as it roared back from COVID-19 lockdowns.
Some Northern Nevada locals share their opinions on the recent interest rate cut made by the Federal Reserve. This cut in particular (.5%) is considered a big cut.
While some critics were worried that the Fed's decision to raise interest rates could cause the economy to crash, that has not happened so far. The most recent economic data shows a decline in inflation.
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