"Raising interest rates will crash stocks, bonds, real estate, & US dollar," the personal-finance guru and"Rich Dad Poor Dad" authorThe Federal Reserveits benchmark rate by 25 basis points to upwards of 4.
75% on Wednesday, compared with nearly 0% a year ago. The US central's goal is to cool inflation, as higher rates encourage saving over spending and raise borrowing costs. Yet they also reduce demand, which pulls down asset prices and increases the risk of a recession.
what data is he basing his opinion on?