Interest Rates Rise: Find Out What the Fed Thinks
The Federal Reserve raised interest rates by the largest increase since 1994. Find out from Patrick Harker, president and CEO of the Federal Reserve Bank of Philadelphia, what is behind the Fed's thinking on the hike.
By Jennifer Cryder, CPA, PICPA CEO
The Federal Reserve raised interest rates by 75 basis points on June 15, the largest increase since 1994, in an effort to combat inflation. Many expect additional rate increases following the meetings of the Federal Open Markets Committee later this year.
The PICPA is working to ensure that our members have the most up-to-date information and analysis on economic conditions affecting firms and companies across the state. On Friday, June 24, we will hold a virtual town hall featuring Patrick Harker, the president and CEO of the Federal Reserve Bank of Philadelphia. Harker will provide insight into economic forecasts, discuss the current causes of inflation, and outline the Fed’s response to these challenging conditions.
Members can participate in our June town hall with Patrick Harker by registering here.
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PICPA Staff Contributors
Disclaimer
Statements of fact and opinion are the authors’ responsibility alone and do not imply an opinion on the part of PICPA officers or members. The information contained in herein does not constitute accounting, legal, or professional advice. For professional advice, please engage or consult a qualified professional.
