Feds Will Not Raise Rates Even Though Inflation Spikes

Feds Will Not Raise Rates Even Though Inflation Spikes

Today’s breaking news on the Federal Reserve Board not increasing interest rates despite inflation rate soaring above the norm. The Feds will continue to keep rates at zero percent for the rest of the year and even into 2022. The Fed will also purchase $120 billion worth of mortgage bonds every bond, thus keeping the yields on the treasuries low and mortgage rates low.