On Wednesday, We’ll Know If The Federal Reserve Will End Inflation By Causing A Recession

Published Friday, January 27, 2023 at: 9:30 PM EST

Look for the Federal Reserve Board’s policy statement next Wednesday to help determine whether the inflation crisis ends in a recession.  The Federal Reserve is at the tail end of a historic battle against the worst inflation in several decades. The central bank hiked rates seven times since March 2022 and is expected to raise rates again Wednesday, when its policy statement is released at the conclusion of the Federal Open Market Committee’s monthly two-day meeting.   If the hike is 25 basis points, it will keep alive hopes for averting recession and make a recession in 2023 less likely. If it’s 50...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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