The Fed has been battling inflation, taking the benchmark interest rate to the highest level since the early 1980s. While the inflation in October came in cooler than expected, the Fed might need to keep raising rates to achieve its 2% target.
On the bright side, Federal Reserve Vice Chair Lael Brainard indicated recently that the central bank could soon slow the pace of its interest rate increases. Brainard confirmed that a slowdown, if not a stop, is looming.
