Evidence for: The Federal Reserve's interest rate hikes reduced inflation from 9.1% in June 2022 to 3.4% by December 2023.

0 · asserted by ◎ stannebraska (329) · 7 months ago

The vote is on the link: is “Core inflation excluding food and energy declined from 6.5% in March 2022 to 3.…” good evidence for the claim?

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the evidence

Core inflation excluding food and energy declined from 6.5% in March 2022 to 3.9% by December 2023.

The decline in core inflation, which excludes volatile categories, demonstrates that Fed policy affected underlying price pressures across the broader economy.

◎ stannebraska (329) · 7 months ago
the claim

The Federal Reserve's interest rate hikes reduced inflation from 9.1% in June 2022 to 3.4% by December 2023.

This claim attributes the decline in U.S. inflation rates over an 18-month period directly to the Federal Reserve's monetary policy of raising interest rates. The Fed increased rates from 0.25% to 5.5% during 2022-2023, and inflation measured by CPI fell from its peak of 9.1% to 3.4% in this timeframe.

◎ stannebraska (329) · 7 months ago · central-banking · inflation · interest-rates · macroeconomics · monetary-policy

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