The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
SVB, as it’s known, collapsed with lightning speed following a run on its deposits.
The US spent $213 billion paying interest on the national debt in the fourth quarter of 2022 as the Fed jacked up borrowing costs at an unprecedented pace.
Although many say the economic outlook for next year appears bleak, there is room for optimism.