NewsDialy
First, a quick vocabulary lesson.
When economists talk about the Fed "pausing," they mean the central bank chose to leave its benchmark interest rate exactly where it is — in this case, sitting in a range between 4.25% and 4.50% — rather than raising or cutting it.
Think of it as the Fed watching the road before deciding whether to hit the gas or the brakes. Now here's why that matters to you. Inflation gave the market a small gift this week.
Core CPI — a measure of price increases that strips out the volatile swings in food and energy costs — came in at 2.4%, a tick below the 2.5% that analysts had expected.
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