The Federal Reserve is holding interest rates at a more than two-decade high in an attempt to wrestle inflation lower. (Shutterstock)
The Federal Reserve is holding interest rates at a more than two-decade high in an attempt to wrestle inflation lower. That policy has proved especially painful for poorer families.
By Jeanna Smialek and Claire Hoganc.2024 The New York Times CompanyDistributed by The New York Times Licensing Group