Review the current economic factors below and choose whether to increase, decrease, or make no change to interest rates. Data is based on economic conditions as of January 15, 2025.
High inflation can erode purchasing power. Controlling it usually requires higher interest rates.
Lowering interest rates can help reduce unemployment by encouraging business expansion and hiring.
Slowing growth might call for lower interest rates to stimulate investment and spending.
Moderate confidence might indicate a stable economy. Adjusting rates could either support or unsettle confidence.
Global pressures like supply chain disruptions or geopolitical events may require careful rate adjustments to stabilize the economy.