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Fed pauses interest rate hikes, but high mortgage rates could be here to stay

Por: Fox Business Business June 16, 2023

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MonetaryMacro.com CIO Joseph Wang argues while headline inflation has cooled, core inflation remains stuck above the Fed's target on 'Making Money.' The ended its long streak of interest rate hikes this week, but the much-anticipated pause may offer little reprieve to Americans squeezed by higher borrowing costs. The widely expected decision Wednesday at a range of 5% to 5.25%, the highest level since 2007. But policymakers also... + full article



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