NUS Economics Society: Mid-battle against inflation, the Fed might raise the interest rates again.

In the effort to curb the rising inflation – currently at 6% - US Federal Reserve policymakers proposed to hike the Federal Reserve interest rate to above the median of 5.1% on the 16th of December (CNA, 2022).

However, investors were taken aback by the hawkish stance of the Fed as it was believed that the Fed will take a looser monetary policy in the face of declining inflation (CNA, 2022).

Read More