Michael W. K. Yee, Financial Advisor and Certified Financial Planner | Jun 25, 2022 | July - August 2022, Wisdoms
The Federal Reserve (the Fed) has begun what it says will be a series of interest rate increases in an effort to slow the economy and temper the current surge in the inflation rate. At the start of 2022, the federal funds rate stood at near zero percent. By May, the Fed moved the federal funds rate 75 basis points (0.75 percent) higher.
Michael W. K. Yee, Financial Advisor and Certified Financial Planner | May 19, 2018 | June - July 2018, Wisdoms
Inflation is the normal state of affairs in the U.S. economy. Most economists consider an annual increase in the cost-of-living of two or three percent per year to be a manageable level of inflation. This increase usually is a good trend, because it is an indication of a growing economy.
