{"id":70111,"date":"2023-05-04T11:21:35","date_gmt":"2023-05-04T05:51:35","guid":{"rendered":"https:\/\/www.the-next-tech.com\/?post_type=web-story&#038;p=70111"},"modified":"2023-05-04T11:21:41","modified_gmt":"2023-05-04T05:51:41","slug":"us-federal-reserve-raises-interest-rates-to-16-year-high","status":"publish","type":"web-story","link":"https:\/\/www.the-next-tech.com\/web-stories\/us-federal-reserve-raises-interest-rates-to-16-year-high\/","title":{"rendered":"US Federal Reserve Raises Interest Rates To 16 Year High"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link 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class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-42.71845%;top:47.73463%;width:184.95146%;height:61.65049%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-d344edc9-4578-4c15-880d-22602ecb6948\">\n<div style=\"position:absolute;width:100.00001%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/i.insider.com\/5f864d3891aa9e001880b814?width=700\" alt=\"5f864d3891aa9e001880b814\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.1068%;top:13.43042%;width:74.27184%;height:17.1521%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6535947712418301% 0.6535947712418301% 0.6535947712418301% 0.6535947712418301% \/ 1.8867924528301887% 1.8867924528301887% 1.8867924528301887% 1.8867924528301887%\" id=\"el-463adc2b-845c-40aa-af0e-3b5fbc11ad10\">\n<h2 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.2700980392156861% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.469256em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Federal_Reserve_Raises_Interest_Rates_To_16-Year_High\"><\/span><span><span style=\"font-weight: 700; color: #fff599\">Federal Reserve Raises Interest Rates To 16-Year High<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"6e452e5f-7374-40c4-b336-9b95a8c5785d\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-27.18447%;top:36.8932%;width:153.8835%;height:57.60518%;opacity:1\">\n<div id=\"anim-cc065aa3-3e48-4795-adba-314b626e15e1\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-82.33438%, 0px, 0)\">\n<div id=\"anim-e7ba59f5-b2b8-4a14-b1d4-41bfe6fcffb2\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-87794677-940d-4c88-97a1-c31f32060590\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-c0c5bec5-4341-4bf3-a32a-c619cfc8bcc8\">\n<div style=\"position:absolute;width:100%;height:100.12609%;left:0%;top:-0.06305%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/premium-photo\/red-interest-text-chart-business-concept-3d-rendering_35719-5884.jpg?w=900\" alt=\"red-interest-text-chart-business-concept-3d-rendering_35719-5884.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.59223%;top:19.25566%;width:73.54369%;height:24.43366%;opacity:1\">\n<div id=\"anim-bd4c5e2e-2baa-47fb-9fbb-1dbb4a231b7c\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(117.49175%, 0px, 0)\">\n<div id=\"anim-3f3de06f-3e54-471a-825c-de734ed771df\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-3aefb5ff-bad9-48bc-ad28-682415a2ed96\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6600660066006601% 0.6600660066006601% 0.6600660066006601% 0.6600660066006601% \/ 1.3245033112582782% 1.3245033112582782% 1.3245033112582782% 1.3245033112582782%\" id=\"el-beeac5ed-a747-42a7-8cd3-cea5eaebb20b\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.23514851485148466% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"The_Federal_Reserve_increased_its_short-term_key_interest_rate_on_Wednesday_by_025_percentage_point\"><\/span><span><span style=\"font-weight: 700; color: #811811\">The Federal Reserve increased its short-term key interest rate on Wednesday by 0.25 percentage point.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"12266610-2d81-4a2e-8bf6-690f7b75dbc2\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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style=\"position:absolute;pointer-events:none;left:13.83495%;top:50.16181%;width:72.81553%;height:48.54369%;opacity:1\">\n<div id=\"anim-1710c5d1-a7b8-4947-b317-68208805b25c\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(1)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4de57914-85a3-4314-a218-f555146d909c\">\n<div style=\"position:absolute;width:100.00001%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/1\/1a\/Seal_of_the_United_States_Federal_Reserve_System.svg\/1200px-Seal_of_the_United_States_Federal_Reserve_System.svg.png\" alt=\"1200px-Seal_of_the_United_States_Federal_Reserve_System.svg.png\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.83495%;top:8.57605%;width:72.08738%;height:33.00971%;opacity:1\">\n<div id=\"anim-65ad0948-17b9-4eda-9ae2-e6fddc36fe98\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-5a0c19a0-409b-45c4-bf89-ebfe555a8152\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, -154.0305%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6734006734006733% 0.6734006734006733% 0.6734006734006733% 0.6734006734006733% \/ 0.9803921568627451% 0.9803921568627451% 0.9803921568627451% 0.9803921568627451%\" id=\"el-98bc1b91-b615-4660-894e-6fd36da602ee\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.23030303030303068% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"The_Fed_has_increased_the_benchmark_interest_rate_10_times_since_March_2022_when_it_began_its_rapid_campaign_to_combat_inflation\"><\/span><span><span style=\"font-weight: 700; color: #6f4518\">The Fed has increased the benchmark interest rate 10 times since March 2022 when it began its rapid campaign to combat inflation.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"cae7fd7b-e337-4839-9dce-ac7ac69f1213\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-11.65049%;top:58.89968%;width:112.13592%;height:50%;opacity:1\">\n<div id=\"anim-caf7c7e3-8403-423a-93a0-625181f4808f\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-1ffbd71d-4bba-420e-9f30-da41c72ec972\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(99.56711%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-8444cc6f-3501-4197-b4b1-8d1692fb647a\">\n<div style=\"position:absolute;width:100.39251%;height:100%;left:-0.19626%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/free-photo\/graphic-concept-with-arrow_23-2148950366.jpg?w=740&amp;t=st=1683176269~exp=1683176869~hmac=d7b52df0436b19868de9b046e0ca26f69b0369a120ec336d513e7cc8f295777b\" alt=\"graphic-concept-with-arrow_23-2148950366.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.8932%;top:21.84466%;width:75.97087%;height:14.72492%;opacity:1\">\n<div id=\"anim-b334a2f3-9b08-45bc-b431-55fa223cec75\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-e1b022b2-95c2-4c17-b2e5-8e287da918e7\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-115.65495%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6389776357827476% 0.6389776357827476% 0.6389776357827476% 0.6389776357827476% \/ 2.197802197802198% 2.197802197802198% 2.197802197802198% 2.197802197802198%\" id=\"el-ac387e68-a6a5-4281-a927-d8dddfc2fa34\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.2276357827476034% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"The_rise_in_increase_rate_now_stands_at_a_16-year_high_from_5_to_525\"><\/span><span><span style=\"font-weight: 700; color: #cf0415\">The rise in increase rate now stands at a 16-year high from 5% to 5.25%<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"db517f28-564d-431d-9944-cff44c75c693\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-efa4bc8e-9c79-416c-8304-55deddb1e802\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":200,\"duration\":1400,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-f4a3cfe0-e791-418c-8b50-013b4774d6dc\",\"keyframes\":{\"transform\":[\"translate3d(0px, 159.21719%, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":200,\"duration\":1400,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-2c1a9644-23d9-48dd-a9cb-1309cd63e3fc\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-31f0a15c-dd03-4a33-a04e-86023a2937fe\",\"keyframes\":{\"transform\":[\"translate3d(83.33333%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#405b73\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-7d64b0be-c4b8-45b8-bb90-2743bb54fd74\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:12.37864%;top:63.91586%;width:75%;height:28.47896%;opacity:1\">\n<div id=\"anim-efa4bc8e-9c79-416c-8304-55deddb1e802\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-f4a3cfe0-e791-418c-8b50-013b4774d6dc\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, 159.21719%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" id=\"el-aac4c70a-f065-451f-a4d7-ddc605ec52de\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.7052993527508091% 0;font-family:&quot;Roboto&quot;,sans-serif;font-size:0.355987em;line-height:1.37;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Jerome_Powell_has_argued_consistently_that_the_central_bank_must_prioritize_lowering_inflation_first_Inflation_hit_a_record_high_of_40_years_after_the_Covid-19_pandemic\"><\/span><span><span style=\"font-weight: 700; color: #fff599\">Jerome Powell has argued consistently that the central bank must prioritize lowering inflation first. Inflation hit a record high of 40 years after the Covid-19 pandemic.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:-25%;top:-9.38511%;width:150%;height:68.12298%;opacity:1\">\n<div id=\"anim-2c1a9644-23d9-48dd-a9cb-1309cd63e3fc\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-31f0a15c-dd03-4a33-a04e-86023a2937fe\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(83.33333%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;transform:scale3d(-1, 1, 1)\" class=\"mask\" id=\"el-26648bd9-ec39-4324-9373-18b74dbfea8f\">\n<div style=\"position:absolute;width:100%;height:100.09578%;left:0%;top:-0.04789%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cloudfront-us-east-2.images.arcpublishing.com\/reuters\/HE7DKPM7ZRJGDPIHFW2DBQ7Q4M.jpg\" alt=\"HE7DKPM7ZRJGDPIHFW2DBQ7Q4M.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"c142d180-2b71-4a36-b869-e6ee6148000d\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-0d0fca8d-5033-4b90-ab55-2403f91bc7d0\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":300,\"duration\":2000,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b355d27b-a588-485e-b329-bf8e7b57e31e\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":400,\"duration\":2000,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#efedf2\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-6b1ceed4-c507-4f3b-959a-0151ca4445a8\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-4.85437%;top:50.16181%;width:112.13592%;height:50%;opacity:1\">\n<div id=\"anim-0d0fca8d-5033-4b90-ab55-2403f91bc7d0\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-0342bf5c-3392-4a53-8c1e-53ee62ac279b\">\n<div style=\"position:absolute;width:100.39251%;height:100%;left:-0.19626%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/premium-photo\/inflation-symbolic-photo-money-finance-economic-crisis-business-concept-coins_770123-14.jpg?w=740\" alt=\"inflation-symbolic-photo-money-finance-economic-crisis-business-concept-coins_770123-14.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:12.86408%;top:15.69579%;width:73.54369%;height:22.49191%;opacity:1\">\n<div id=\"anim-b355d27b-a588-485e-b329-bf8e7b57e31e\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6600660066006601% 0.6600660066006601% 0.6600660066006601% 0.6600660066006601% \/ 1.4388489208633095% 1.4388489208633095% 1.4388489208633095% 1.4388489208633095%\" id=\"el-942d3610-7380-488b-b19b-5d1e095583ce\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.2163366336633663% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.372168em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"In_march_the_annual_inflation_rate_dropped_to_5_from_its_peak_of_91_in_June_and_its_lowest_rate_since_2021\"><\/span><span><span style=\"font-weight: 700; color: #ff0504\">In march the annual inflation rate dropped to 5% from its peak of 9.1% in June and its lowest rate since 2021.&nbsp;<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"ac9ad093-42ca-42f1-9eaf-b799e7f714c4\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-2f940bca-9093-4ba3-b2fb-81a692e87ab1\",\"keyframes\":{\"transform\":[\"translate3d(-98.82076%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-f19e557d-65af-49f4-9d34-6f7e598a87ff\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-12757089-b730-4d56-a23d-1f0cec41ad33\",\"keyframes\":{\"transform\":[\"scale(0.15)\",\"scale(1)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"forwards\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-802b9951-27d8-4128-8211-4fd26fccef9f\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-bfd81acb-fcd7-4e92-a55e-0e40593d9acc\",\"keyframes\":{\"transform\":[\"translate3d(118.15181%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-3c03cd64-a724-4fed-a9ff-5e1155608e46\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-1.21359%;top:40.61489%;width:102.91262%;height:68.60841%;opacity:1\">\n<div id=\"anim-2f940bca-9093-4ba3-b2fb-81a692e87ab1\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-98.82076%, 0px, 0)\">\n<div id=\"anim-f19e557d-65af-49f4-9d34-6f7e598a87ff\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-12757089-b730-4d56-a23d-1f0cec41ad33\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:scale(0.15)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-ef731f81-241e-49ff-a461-8bc15f5228de\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/img.freepik.com\/free-vector\/realistic-style-bankruptcy-concept_23-2148507555.jpg?w=740&amp;t=st=1683177553~exp=1683178153~hmac=d4fdff6857973795c7fe6cda1ebd4a5682544854755d3be2d308dc78a4474ede\" alt=\"realistic-style-bankruptcy-concept_23-2148507555.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:13.1068%;top:12.13592%;width:73.54369%;height:28.15534%;opacity:1\">\n<div id=\"anim-802b9951-27d8-4128-8211-4fd26fccef9f\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-bfd81acb-fcd7-4e92-a55e-0e40593d9acc\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(118.15181%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6600660066006601% 0.6600660066006601% 0.6600660066006601% 0.6600660066006601% \/ 1.1494252873563218% 1.1494252873563218% 1.1494252873563218% 1.1494252873563218%\" id=\"el-dfeaf4d9-3b9b-40d4-8163-cd5de4c76ec1\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.22574257425742608% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.388350em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"Inflation_has_uninterruptedly_declined_over_the_last_few_months_but_remains_well_above_the_Feds_target_rate_of_2\"><\/span><span><span style=\"font-weight: 700; color: #a4153f\">Inflation has uninterruptedly declined over the last few months but remains well above the Fed&#8217;s target rate of 2%.&nbsp;<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"71da0c0d-b76e-4b72-b593-b6bb3b9ada46\" auto-advance-after=\"11s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.20490196078431336% 0;font-family:&quot;Merriweather&quot;,serif;font-size:0.355987em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span class=\"ez-toc-section\" id=\"The_consumer_spending_that_accounts_for_70_of_the_GDP_increased_by_an_impressive_37_but_has_slowed_down_since_Januarys_weather-related_spike\"><\/span><span><span style=\"font-weight: 700; color: #a02027\">The consumer spending that accounts for 70% of the GDP increased by an impressive 3.7%, but has slowed down since January&#8217;s weather-related spike.<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve increased interest rates by a quarter of a percentage point, marking the 10th consecutive move in a campaign to 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High<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":54,"y":83,"width":306,"height":106,"id":"463adc2b-845c-40aa-af0e-3b5fbc11ad10"}],"backgroundColor":{"color":{"r":6,"g":57,"b":160}},"type":"page","id":"5ae13cf7-c55e-4d9e-8107-6c45781553a6"},{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"b1f136a0-b74c-4669-80d0-727bf8dc393e"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"scale":100,"focalX":50,"focalY":50,"resource":{"type":"image","mimeType":"image\/jpeg","width":900,"height":506,"sizes":[],"isPlaceholder":false,"isExternal":true,"needsProxy":true,"src":"https:\/\/img.freepik.com\/premium-photo\/red-interest-text-chart-business-concept-3d-rendering_35719-5884.jpg?w=900","id":"f6962348-2651-4385-83f4-73fcb9c22bd0","alt":"red-interest-text-chart-business-concept-3d-rendering_35719-5884.jpg","baseColor":"#e1c9aa"},"type":"image","x":-112,"y":228,"width":634,"height":356,"mask":{"type":"rectangle","showInLibrary":true,"name":"Rectangle","path":"M 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