Michael Jones, PhD, Carl H. Lindner College of Business associate professor of economics and academic director of the Kautz-Uible Economic Institute, reflected on the Federal Reserve's decision to not raise interest rates after 10 consecutive rate increases.
Consumers are taking creative measures to stretch their dollars as record inflation continues, with a 4% increase in the year ending in May, according to the Bureau of Labor Statistics' Consumer Price Index released on Tuesday. But shoppers may find relief soon after the Federal Reserve's recent action - or, rather, inaction.
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