The Federal Reserve’s war on inflation: How it works

The battle to lower inflation continues. Halfway through 2024, and the Federal Reserve’s key interest rate is still at 5.25%-5.5%, the highest in two decades. While some experts expect rates cuts by three-quarters of a percentage point by the end of the year, leaders of the U.S. central bank suggest interest rates may remain at the higher levels. By keeping borrowing costs high, the Fed is hoping to cool the economy. (Download full page pdf.)

HOW INTEREST RATES REGULATE INFLATIONThe Federal...