![]() ![]() In June, the Federal Reserve chose to leave the rate unchanged. The rates are higher than the near-zero rates seen during the height of the pandemic. The Fed interest rate, which sets the range that banks will lend or borrow to each other overnight, is 5% to 5.25%. The next big question is, will the Fed decide to raise interest rates again at its next meeting? ![]() Given the inflation rate is falling and unemployment remains low at 3.7%, it is unlikely that the Federal Reserve will push to slow economic activity, Triest says. ![]() “It’s becoming extraordinary times where the inflation rate has come down, despite the resilience of the job market, and I’m hopeful that we’ll continue that.” “The economy’s more resilient than most economists expected, including myself,” says Robert Triest, the chair and professor of economics at Northeastern. Photos by Matthew Modoono/Northeastern University Professor Bob Triest and William Dickens University Distinguished Professor of Economics and Social Policy. With the economy slowing down, prices of goods and services are beginning to look normal, without entering a recession, according to Northeastern experts. ![]()
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