The Fixed Income

The federal fund's rates lay down the road to how much the government banks can charge interest rates for short-term money lending. However, it is also tied to various adjustable rates of consumer debts. As elevated prices strain the family's wallets all over the county, Fed officials took an aggressive move to put efforts into combating the inflation on Wednesday. As a result, the decision has been made to hike the interest rate to 0.5%. This hike was done by the Central bank this year. While addressing the American people, Jerome Powell (Federal Reserve Chairman) said, "Inflation is much too high, and we understand the hardship it is causing, and we're moving expeditiously to bring it back down."     The pricing has constantly risen at a fast pace within the past 40 years. In March 2022, it hit an 8.5% increase as the United States overcame the pandemic. However, the Federal Reserve shows that prices will constantly rise by 6.6% from last year. Therefore, a