Be Well: What the Federal Reserve's Rate Hike Pause Means for Economy
Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about what the Federal Reserve's decision to pause rate hikes after 10 consecutive increases means for the economy. "I definitely believe there's going to be rate hikes. My thinking is it will probably go up in July," he said.
For 30 years Ira Galtman’s job has been to document how American Express went from an express stagecoach company in New York in 1850, to what it is today.
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After a few months of positive data, the Fed chair says he’s in no rush to cut rates – and this analyst says inflation could stick around for the near future.
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The Fed chair seems pleased with how far inflation has fallen, but according to this analyst, we could be waiting until 2025 to hit that crucial 2% goal.
