Current:Home > MyThe Fed decides to wait and see -RiseUp Capital Academy
The Fed decides to wait and see
View
Date:2025-04-16 22:12:28
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! (32)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Appeals court rejects Broadway producer’s antitrust claim against actors’ and stage managers’ union
- High school journalism removed from Opportunity Scholarship
- Where Kyle Richards and Mauricio Umansky Stand One Year After Their Breakup
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Utah State to fire football coach Blake Anderson following Title IX investigation
- Ann Wilson announces cancer diagnosis, postpones Heart tour
- McDonald's adds Special Grade Garlic Sauce inspired by Japan's Black Garlic flavor
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Love and Marriage: Huntsville Star KeKe Jabbar Dead at 42
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Ex-astronaut who died in Washington plane crash was doing a flyby near a friend’s home, NTSB says
- Powell says Fed waiting on rate cuts for more evidence inflation is easing
- Beyoncé, Tina Knowles tap Victoria Monét for new Cécred hair care video
- Former longtime South Carolina congressman John Spratt dies at 82
- Powell says Fed waiting on rate cuts for more evidence inflation is easing
- Ann Wilson shares cancer diagnosis, says Heart concert tour is postponed: 'This is merely a pause'
- Big wins for Trump and sharp blows to regulations mark momentous Supreme Court term
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Michael J. Fox makes surprise appearance with Coldplay at Glastonbury Festival
Cheez-It partners with Hidden Valley Ranch to create new zesty, cheesy snack
High court passes on case of Georgia man on death row who says Black jurors were wrongly purged
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Kemba Walker announces retirement; NCAA champion with UConn, four-time NBA All-Star
Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected
Powell says Fed waiting on rate cuts for more evidence inflation is easing