“this inflation combined with low interest rates has incentivized consumers in the united states to borrow more than ever before causing consumer debt to reach over 15 trillion dollars in 2021 this is bad news because the federal reserve is expected to begin raising interest rates in the coming weeks in an attempt to tame inflation”Reading when said
0.25%
Feb 14, 2022
Reading at close
4.75%
Feb 14, 2023
Change
+4.50 pp
The policy rate was 0.25% at the start of the window and 4.75% on Feb 14, 2023, a net change of +4.50 pp. The largest increase inside the window was 450 basis points. The stated threshold was 25 basis points.
30 days
Incorrect
90 days
Correct
180 days
Correct
1 year
Correct