Current:Home > ContactThe Fed decides to wait and see -Wealth Axis Pro
The Fed decides to wait and see
Charles H. Sloan View
Date:2025-04-08 15:39:35
Since March 2022, the Federal Reserve has raised interest rates 10 times with the goal of fighting inflation. But today, in a break from that pattern, the Fed has finally decided to do ... nothing. To leave interest rates where they are. So what gives? And why is it taking so long for inflation to come down to Earth? To understand that, it helps to think about the economy as an old, finicky shower. Really.
Music by Drop Electric. Find us: Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (4)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Maui has released the names of 388 people still missing after deadly wildfire
- Stephen Strasburg, famed prospect and World Series MVP who battled injury, plans to retire
- Alex Murdaugh to plead guilty in theft case. It would be the first time he admits to a crime
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Best Buy scam alert! People are pretending to be members of the Geek Squad. How to spot it.
- Is the Gran Turismo movie based on a true story? Yes. Here's a full fact-check of the film
- Good karma: Washington man saves trapped kitten, wins $717,500 from state lottery
- In ‘Nickel Boys,’ striving for a new way to see
- Woman allegedly kidnapped by fake Uber driver rescued after slipping note to gas station customer
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Alabama wants to be the 1st state to execute a prisoner by making him breathe only nitrogen
- Jackson Hole: Powell signals additional rate hikes may be necessary to maintain strong economy
- Yevgeny Prigozhin, Wagner chief purportedly killed in plane crash, a man of complicated fate, Putin says
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Movies and TV shows affected by Hollywood actors and screenwriters’ strikes
- UN experts say Islamic State group almost doubled the territory they control in Mali in under a year
- Federal judge: West Virginia can restrict abortion pill sales
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Ashnikko's 'Weedkiller' takes you into a queer dystopian world
Hidden shipwreck from World War I revealed at bottom of Texas river amid hot, dry weather
Harris is welcoming Las Vegas Aces to the White House to celebrate team’s 2022 WNBA championship
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
President Joe Biden says he will request more funding for a new coronavirus vaccine
Georgia judge sets Oct. 23 trial date for Trump co-defendant Kenneth Chesebro
As schools resume, CDC reports new rise in COVID emergency room visits from adolescents