Fed expected to pause rate cuts
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The inflation genie could be back out of the bottle, with experts warning households they will need to relearn the lessons of 2022.
A new report found Phoenix’s inflation rate increased over the last four months. Common Sense Institute Arizona released a report earlier in January showing that Phoenix’s inflation increased from 1.
The Federal Reserve held rates steady at 3.5-3.75%, citing solid growth and elevated inflation, while two policymakers dissented in favour of a quarter-point cut.
Federal Reserve keeps interest rates unchanged even as Trump continues to press for lower rates. 24/7 coverage of breaking news and live events