The Fed has announced an expected hike in the Fed Funds Rate of 0.25%, the Fed Fund rate target range is now at 5.25%-5.5%. In its previous policy announcement, wherein the Fed had maintained a pause, the Fed had indicated at two more rate hikes for the remainder of the year. Even though inflation has […]
The CPI based inflation moved higher for the month of Jun’23 and was reported at 4.81%, after easing for 4 consecutive months. The inflation for the preceding month and the comparable year ago period was 4.31% and 7.01% respectively. The surge in food prices was one of the key contributing factors to that led to […]
