This is the archive of CPA Now blogs posted on the PICPA website through April 30, 2025. Want more recent blogs?
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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