Economic Trends

Making Sense of the Latest Economic Figures

In the wake of another — and bigger — Fed rate hike aimed to tame inflation, we examine a number of economic indicators from the past two weeks.

June 22, 2022

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While major challenges of labor and supply chain backlogs remain for distributors at the midpoint of 2022, it seems the biggest topic of discussion has progressed to the general U.S. economy. That was the case even before the Federal Reserve on June 15

raised its benchmark interest rate

by three-quarters of a percentage point — its largest rate hike since 1994. It followed increases of 0.25% in March and 0.50% in May as the central bank aims to tame the highest inflation the U.S. has seen in 40 years. The new federal funds interest rate range now stands at 1.50% to 1.75%.  “Clearly, today’s 75…

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