Opinion: Opinion: The annual inflation rate was not 7.1% in November; it was 3.7%

The Federal Reserve should declare an immediate cease fire in its war against inflation and hold its benchmark interest rate steady instead of raising the federal funds by a half percentage point to a range of 4.25% to 4.50%, as expected at its meeting that ends Wednesday. With the relatively benign report on the consumer … Read more

Fed OKs another massive interest-rate hike — and it’s not about to stop

The Federal Reserve on Wednesday stepped up its aggressive fight against high inflation by agreeing to the third straight super-sized increase in interest rates and signaling more big hikes before the end of the year. Officials said they would raise their benchmark federal-funds by 0.75 percentage point to a range of 3% to 3.25%. They … Read more