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)
