Analysts on Capital Hill suggest inflation is leveling off, as interest rates spike

WASHINGTON D.C. (NBC / KYMA, KECY-TV) - Talks on Capital Hill suggest inflation is tapering off and the economy is beginning to normalize, giving Americans a bit of relief.

This may be so, but increased interest rates are putting the Federal Reserve in a tough spot.

More than half the country is living without emergency savings.

The largest contributing factors are economic instability and inflation.

There is a higher cost of borrowing which impacts targeted interest rates.