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Economic Pulse: Week of 6/28/24

Federal Reserves is holding its lending rate constant.

Between March 2022 and July 2023, the FED raised its lending rate 11 times from almost zero to 5.3%, its highest rate in 23 years.

The FED has a dual statutory mandate to seek price stability and maximize employment.

Click here for the latest Lehigh Valley Economic Review.

Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.

(Original air-date: 6/28/24)

Dr. Kamran Afshar has a Ph.D. in Economics and has taught at graduate and under graduate levels between 1978-88. He has vast experience in economic impact studies, feasibility studies, customer satisfaction surveys, and scientific competitive analysis.
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