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In 2021-2022, the U.S. economy was experiencing high inflation. For this reason, the FOMC ________ the target range for the federal funds rate ________ in

In 2021-2022, the U.S. economy was experiencing high inflation. For this reason, the FOMC ________ the target range for the federal funds rate ________ in several meetings throughout 2022. ________ went down from 8.93% in June to ________. Group of answer choices increased; by 0.25%; Inflation; 6.1% in June 2023 decreased; by 0.5%; The percentage change of CPI from year ago; 6.1% in June 2023 increased; by up to 0.75%; The percentage change of CPI from year ago; 3.1% in June 2023 decreased; by up to 0.5%; Inflation; 3.1% in June 2023

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