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September Weather & Seasonal Changes: What to Expect

by Victoria Sterling -Business Editor

Here’s a ‌summary of the key data from the provided text:

* Inflation & Interest Rates: despite holding interest rates steady for ​the fifth ‍meeting ​in a row, the fed is ⁢concerned about persistent inflation, which ‍has actually risen over the last three months (as March 2021).
* Political Pressure: Donald Trump is actively pressuring the Fed to lower interest rates and has publicly criticized Chair‌ Jerome Powell ‌and other ⁤committee members. The Fed is also worried‌ Trump’s tariffs could worsen⁤ inflation.
* Recent Fed⁤ Meeting: The FOMC​ (Federal open​ Market Committee) ⁣kept the fed funds rate unchanged. However, two members dissented and voted for a rate cut.
* ‍ How the Fed Works: ‌ The FOMC is the body that makes monetary policy decisions. It consists of 12 members: the 7 board‍ governors, ‌the New York Fed president, and 4 rotating regional bank ‍presidents. They meet 8 times a year.

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