{"id":578671,"date":"2023-06-15T00:32:50","date_gmt":"2023-06-14T21:32:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fed-struggles-to-find-new-leverage-as-strong-economy-inflation-refuse-to-budge-much\/"},"modified":"2023-06-15T00:32:50","modified_gmt":"2023-06-14T21:32:50","slug":"fed-struggles-to-find-new-leverage-as-strong-economy-inflation-refuse-to-budge-much","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fed-struggles-to-find-new-leverage-as-strong-economy-inflation-refuse-to-budge-much\/","title":{"rendered":"#Fed struggles to find new leverage as strong economy, inflation refuse to budge much"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a240a9134565\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a240a9134565\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-struggles-to-find-new-leverage-as-strong-economy-inflation-refuse-to-budge-much\/#Sticky_core_inflation_will_require_two_more_hikes_this_year\" >Sticky core inflation will require two more hikes this year<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-struggles-to-find-new-leverage-as-strong-economy-inflation-refuse-to-budge-much\/#The_Fed_has_implicitly_rescinded_its_recession_prediction\" >The Fed has implicitly rescinded its recession prediction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-struggles-to-find-new-leverage-as-strong-economy-inflation-refuse-to-budge-much\/#No_mention_of_profits_despite_beige_book_evidence\" >No mention of profits despite beige book evidence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-struggles-to-find-new-leverage-as-strong-economy-inflation-refuse-to-budge-much\/#Housing_and_rents_are_now_a_major_driver_of_inflation\" >Housing and rents are now a major driver of inflation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/fed-struggles-to-find-new-leverage-as-strong-economy-inflation-refuse-to-budge-much\/#Fallout_from_bank_failures_isnt_over_yet\" >Fallout from bank failures isn\u2019t over yet<\/a><\/li><\/ul><\/nav><\/div>\n<div>\n<p>Facing a stronger-than-expected economy and sticky inflation in core prices, the Federal Reserve signaled Wednesday it\u2019s going to hike interest rates two more times before the year is through despite taking a break in June.<\/p>\n<p>The June pause marks the first interval in one of the fastest quantitative tightening cycles in the history of the U.S. central bank, carried out through 10 consecutive hikes since last year that raised interest rates by 5 percent in 15 months.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>But the Fed\u2019s latest projections show the cycle isn\u2019t yet finished, with rates expected to increase to a range of 5.5 to 5.75 percent at some point this year, up from a current range of 5 to 5.25.<\/p>\n<p>In the wake of major failures in the banking sector that spurred depositor bailouts from the government and led to fears of a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> financial collapse earlier this year, Fed Chairman Jerome Powell painted a picture Wednesday of an economy that\u2019s fundamentally healthy but still dogged by price levels that are reluctant to subside.<\/p>\n<p>Here are the main takeaways from Powell\u2019s Wednesday press conference.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1400\" height=\"787\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?w=900\" alt=\"\" class=\"wp-image-3984920\" srcset=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg 1400w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=160,90 160w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=300,169 300w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=768,432 768w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=1280,720 1280w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=645,363 645w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=320,180 320w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=256,144 256w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=512,288 512w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=640,360 640w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=876,492 876w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=960,540 960w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg?resize=50,28 50w\" sizes=\"auto, (max-width: 899px) 100vw, 876px\"><figcaption class=\"wp-element-caption\"><em>Federal Reserve Chairman Jerome Powell speaks during a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> conference at the Federal Reserve Board building in Washington, July 27, 2022. (AP Photo\/Manuel Balce Ceneta, File)<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Sticky_core_inflation_will_require_two_more_hikes_this_year\"><\/span><strong>Sticky core inflation will require two more hikes this year<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Inflation is divided into two main categories: headline and core. The headline number includes some of the prices that consumers feel most acutely, like gas and food. <\/p>\n<p>But economists consider the less volatile prices in core manufactured goods and basic services to be a better measure of the underlying inflation in the economy.<\/p>\n<p><strong>Still changing: Five takeaways from the steep May inflation declin<\/strong>e<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>Powell said Wednesday that he\u2019s not seeing the progress he\u2019d like to see in the core, and that\u2019s the reason the Fed will make additional hikes this year to slow economic activity.<\/p>\n<p>\u201cLook at core inflation over the past six months, a year. You\u2019re just not seeing a lot of progress, not the kind of progress we want to see,\u201d Powell said. \u201cWe see inflation forecasts are coming in low again, and that tells us we need to do more.\u201d<\/p>\n<p>Core prices in the consumer price index (CPI) have fallen to 5.3 percent annually off a high of 6.6 percent in September, while headline CPI has fallen much further, to 4 percent in May from 9.1 percent last year.<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1400\" height=\"787\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?w=900\" alt=\"\" class=\"wp-image-3961438\" srcset=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg 1400w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=160,90 160w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=300,169 300w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=768,432 768w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=1280,720 1280w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=645,363 645w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=320,180 320w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=256,144 256w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=512,288 512w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=640,360 640w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=876,492 876w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=960,540 960w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/04\/grocery-store_021323ap_debt-limit.jpg?resize=50,28 50w\" sizes=\"auto, (max-width: 899px) 100vw, 876px\"><figcaption class=\"wp-element-caption\">Jaqueline Benitez pushes her cart down an aisle as she shops for groceries at a supermarket in Bellflower, Calif., Feb. 13. Benitez, 21, who works as a preschool teacher, depends on California\u2019s SNAP benefits to help pay for food. (AP Photo\/Allison Dinner)<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"The_Fed_has_implicitly_rescinded_its_recession_prediction\"><\/span><strong>The Fed has implicitly rescinded its recession prediction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Fed predicted a \u201cmild recession\u201d in March for some time later this year following scores of similar predictions from commercial economists, but its latest forecast for gross domestic product (GDP) walks back this expected downturn.<\/p>\n<p>Fed bankers more than doubled their 2023 annual GDP forecast to 1 percent growth, up from 0.4 percent in March.<\/p>\n<p>This increases the odds that the Fed will achieve its desired \u201csoft landing,\u201d which would entail a resumption of the economy\u2019s normal growth cycle in the wake of the booming recovery from the pandemic shutdowns without a huge jump in unemployment.<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p><strong>Is your credit affected? Powell says credit crunch is doing the work of Fed\u2019s rate hikes<\/strong><\/p>\n<p>\u201cThere is a path to getting inflation back down to 2 percent without having to see the kind of sharp downturn and large losses in employment,\u201d Powell said.<\/p>\n<p>Unemployment is currently near 50-year lows at 3.7 percent, having ticked up slightly in May from 3.4 percent in April.<\/p>\n<aside class=\"ad-unit ad-unit--mr5_ab\"><\/aside>\n<h2><span class=\"ez-toc-section\" id=\"No_mention_of_profits_despite_beige_book_evidence\"><\/span><strong>No mention of profits despite beige book evidence<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Powell did not mention on Wednesday the role that profits are playing in the current phase of inflation, despite mentions of \u201cunusually high\u201d profits in the latest anecdotal summary of U.S. economic conditions in the Fed\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/BeigeBook_20230531.pdf\">beige book.<\/a><\/p>\n<p>\u201cContacts reported far fewer supply chain disruptions \u2013 instead noting that many sectors of the economy are enjoying unusually high profit margins,\u201d the Philadelphia Fed reported in May.<\/p>\n<p>Instead, Powell referenced research by former Fed Chairman Ben Bernanke and economist Olivier Blanchard that pointed the finger for inflation going forward at workers and wages over margin expansion and supply chain problems.<\/p>\n<aside class=\"ad-unit ad-unit--mr6_ab\"><\/aside>\n<p>\u201cAlthough tight labor markets have thus far not been the primary driver of inflation, the effects of overheated labor markets on nominal wage growth and inflation are more persistent than the effects of product-market shocks. Controlling inflation will thus ultimately require achieving a better balance between labor demand and labor supply,\u201d the wrote.<\/p>\n<p><strong>A new bonanza: Companies boasted \u2018unusually high profits\u2019 after supply issues eased<\/strong><\/p>\n<p>Recent research from the San Francisco Fed suggests a minimal role for labor costs in the current inflation.<\/p>\n<aside class=\"ad-unit ad-unit--mr7_ab\"><\/aside>\n<p>\u201cLabor-cost growth is responsible for only about 0.1 percentage point of recent core PCE inflation,\u201d Fed researchers wrote, referring to the personal consumption expenditures (PCE) index.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"5496\" height=\"3664\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg?w=900\" alt=\"FILE - American flags fly outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety. Companies are in the midst of an \u201cearnings recession,\u201d meaning profits have contracted for two straight quarters, starting with a 4.6% drop at the end of 2022. (AP Photo\/Mary Altaffer, File)\" class=\"wp-image-4029941\" srcset=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg 5496w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg?resize=300,200 300w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg?resize=768,512 768w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg?resize=1080,720 1080w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg?resize=1536,1024 1536w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg?resize=2048,1365 2048w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg?resize=645,430 645w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg?resize=50,33 50w, https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/6478a3d1b7ced4.49487556.jpeg?resize=876,584 876w\" sizes=\"auto, (max-width: 899px) 100vw, 876px\"><figcaption class=\"wp-element-caption\">American flags fly outside the New York Stock Exchange, Sept. 23, 2022, in New York. The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety. (AP Photo\/Mary Altaffer, File)<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Housing_and_rents_are_now_a_major_driver_of_inflation\"><\/span><strong>Housing and rents are now a major driver of inflation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shelter costs represent nearly half of core inflation measurements, and the housing sector\u2019s interest rate sensitivity means it\u2019s now contributing disproportionately to consumer inflation.\u00a0<\/p>\n<p>Shelter inflation is at 8 percent annually, double the headline number in the CPI.<\/p>\n<p>\u201cWe do need to see rents bottom out here or at least stay quite low in terms of their increases,\u201d Powell said Wednesday.<\/p>\n<p>\u201cWe\u2019re watching that situation carefully,\u201d he said. \u201cI do think we will see rents and housing prices filtering into housing services inflation.\u201d<\/p>\n<p>\u201cExcluding shelter, CPI inflation is now [down] to what we would consider normal levels: 2.2 percent over the past year,\u201d University of Central Arkansas economist Jeremy Horpedahl wrote Tuesday.<\/p>\n<p>Other Fed board members have voiced concern about the housing sector recently.<\/p>\n<p>\u201cWe expect lower rents will eventually be reflected in inflation data as new leases make their way into the calculations,\u201d Fed board member Michelle Bowman said at an event last month in Boston.<\/p>\n<p>\u201cThe residential real estate market <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be rebounding with home prices leveling out, which has implications for our fight to lower inflation,\u201d she said.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fallout_from_bank_failures_isnt_over_yet\"><\/span><strong>Fallout from bank failures isn\u2019t over yet<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The outsized role that the financial sector plays in the U.S. economy continues to present difficulties for the Fed, especially after a spate of large bank failures earlier this year that threatened \u201csystemic\u201d collapse.<\/p>\n<p>The trouble in that sector inspired bank managers to tighten their credit conditions, which has a similar effect to interest rate increases and essentially did some of the Fed\u2019s work for it.<\/p>\n<p>\u201cIt feels like something that will be around for some time,\u201d Powell said.<\/p>\n<p>Powell said central bankers are monitoring credit conditions \u201cvery carefully.\u201d<\/p>\n<p>\u201cAs we see things unfold, as we see what\u2019s happening with credit conditions and also all the individual banks out there \u2026 we can take their macroeconomic implications into account in our rate settings,\u201d he said.<\/p>\n<\/div>\n<p>Copyright 2023 Nexstar <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a> Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/business\/4050426-fed-struggles-to-find-new-leverage-as-strong-economy-inflation-refuse-to-budge-much\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facing a stronger-than-expected economy and sticky inflation in core prices, the Federal Reserve signaled Wednesday it\u2019s going to hike interest rates two more times before the year is through despite taking a break in June. The June pause marks the first interval in one of the fastest quantitative tightening cycles in the history of the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":578672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/PowellJerome_072722_AP_Manuel-Balce-Ceneta.jpg","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135369,117,134343,1545,1356,143930,73798,139529,4941,5069,134661,70550,143931,142885,73014,70551,70552,78738,32681,141939,137276,70289,134345,67874],"class_list":["post-578671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-biden-administration","tag-business","tag-campaign","tag-coronavirus","tag-covid-19","tag-cpi","tag-defense","tag-defense-national-security","tag-donald-trump","tag-economy","tag-energy-environment","tag-federal-reserve","tag-federal-reserve-chairman-jerome-powell","tag-federal-reserve-rate-hikes","tag-health-care","tag-inflation","tag-interest-rates","tag-jerome-powell","tag-politics","tag-politics-of-the-united-states","tag-rate-hikes","tag-senate","tag-state-watch","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/578671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=578671"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/578671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/578672"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=578671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=578671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=578671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}