The Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.
Also, it would be great if, in the future, you could put some more thought into your choice of words. We can disagree with each other without such a hostile tone and if I understand correctly, especially beehaw is trying to be a bit of nicer place and you weren’t very nice in your comment to me.
They are pausing rate hikes because inflation has slowed down.
Are you divorced from reality?
No, quite the opposite. What I said is correct, which you can verify by looking up inflation figures, but I’ll save you the trouble.
https://ycharts.com/indicators/us_inflation_rate
Also, it would be great if, in the future, you could put some more thought into your choice of words. We can disagree with each other without such a hostile tone and if I understand correctly, especially beehaw is trying to be a bit of nicer place and you weren’t very nice in your comment to me.