The Federal Reserve seems to be leaning towards taking a pause by their next meeting in June. There's this idea that this might be the last rate hike. Inflation, although we've had some welcome news, is still too high and we need to do what we can with our monetary policy tools to bring it down.
The Federal Reserve has once again raised interest rates, which means borrowing money for your mortgage or your business is once again more expensive. New York Times economics reporter Talmon Joseph Smith explains why this might keep happening.
This episode was produced by Miles Bryan and Amanda Lewellyn, edited by Matt Collette, fact-checked by Serena Solin, engineered by Michael Raphael and Paul Robert Mounsey, and hosted by Noel King.
Transcript at vox.com/todayexplained
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