This news is about the U.S. Federal Reserve (the Fed), which is like a bank for banks. They're worried about prices going up too fast, which is called inflation. It's like when your favorite candy costs more than it used to!
The Fed is watching how much people expect prices to rise. They don't want inflation to get out of control. They're trying to balance keeping prices stable and helping the economy grow.
They'll make decisions based on new information they get about prices and the economy.
- Inflation is high, at a 40-year high!
- The Fed is carefully watching how much people expect prices to go up.
- The Fed might keep interest rates the same for now.
| Thing | Information |
|---|---|
| Inflation | Recently at a 40-year high |
| Fed's Goal | To keep inflation around 2% |
| Next Fed Meeting | Interest rates may stay the same |
