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How and Why Does the Fed Raise Interest Rates?

How and Why Does the Fed Raise Interest Rates?

The Federal Reserve is the central bank of the United States and it has a dual mandate of price stability and full employment. Now, the latter has not been an issue this year. The unemployment rate is currently sitting at 3.5%. That’s the lowest since 1969. On...
How do you define a recession?

How do you define a recession?

We finally have a buzzword being used more often than the word pandemic, but it’s not a great trade-off. Google Search frequency for the word recession has spiked to levels not seen since the beginning of COVID, but what exactly is a recession and how bad can it...
Is Inflation Higher Than We Think?

Is Inflation Higher Than We Think?

Believe it or not, inflation might actually be higher than you think it is. The Bureau of Labor Statistics (BLS) recently reported an 8.3% increase in its benchmark inflation rate, known as CPI, or Consumer Price Index.  ...