All eyes on Wall Street are fixated on Fed Chairman Jerome Powell, eagerly seeking hints on upcoming rate hikes and the Fed’s battle against inflation. Core prices are surging at a pace that’s over twice the Fed’s target, signaling intense underlying price pressures that are simmering just below the surface.
WY We Care: The Federal Reserve is expected to deliver another interest rate hike, setting the federal funds rate between 5.25% to 5.5% and further restricting economic activity. Wall Street may take a hit, but it’s Main Street that will bear the brunt. Your Cheyenne Chamber is leading the charge to keep recession at bay and shield our businesses from the worst impacts of a shaky economy.