January 16th, 2024
Fortune recently published an article featuring Mark Williams, Master Lecturer of Finance, explaining why lower interest rates might be delayed in boosting the economy.
The U.S. Labor Department released its CPI Index on January 11th which indicated that inflation increased because of higher housing and energy prices.
“The Fed wants to get to that 2% target, and it looks like they’re not going to be able to get there this year…The path of interest rate reduction is not going to be as quick as what was even anticipated just a month ago,” Williams adds.
Big banks may face challenges in maintaining profitability as rates change more slowly.
