Bloomberg Quicktake: Now published this video item, entitled “What the Federal Reserve Means When it Points to an Interest Rate Hike “Soon”” – below is their description.
Bloomberg News Reporter Bailey Lipshultz joins Quicktake to put inflation and other ominous nods from The Fed meeting into context.
Bloomberg Quicktake: Now YouTube Channel
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About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
In This Story: Inflation
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.