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U-M Economist on What to Know About the Federal Reserve’s Rate Hike

June 16, 2022


Read time:

<5 mins
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Presented by Michigan News

John Leahy, a U-M economist, discusses the Federal Reserve’s decision to raise the benchmark interest rate by three-quarters of a point, offering insight into the potential consequences of this action. Leahy notes that the Federal Reserve was likely “spooked” by the Consumer Price Index numbers and U-M’s consumer sentiment survey. The faculty expert further highlights that controlling inflation without creating a recession will be difficult.


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