Here are the takeaways from July’s inflation report

July’s Consumer Price Index (CPI)— a broad measure of consumer price for goods and services — was released yesterday, and the numbers were better than expected. Annually: Prices increased 8.5% from a year ago — down from June’s 9.1% increase. Monthly: Prices were unchanged from the previous month. What’s the big deal? Yesterday’s report was…

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The Fed raises interest rates by 0.75%

Yesterday, the Fed announced it will raise its benchmark interest rate by 0.75%, the largest increase since 1994. What’s the big deal? The Fed hopes higher rates will cool off the ever-increasing prices you see everywhere. Markets were up on the news as the rate hike was mostly expected. After this week’s devastating inflation report,…

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Will the Fed screw up interest rate hikes?

The Fed has officially announced an interest rate hike of 0.50% — confirming what the market had expected. But what matters for investors is the Fed’s post-meeting comments… What’s the big deal? Many argue that the Fed acted too late and should have raised interest rates earlier to bring inflation down. Right or wrong, the…

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