The Federal Reserve is likely to raise its benchmark rate by another 0.75 percentage point as it attempts to cool the economy and bring down high inflation.
The Federal Reserve is likely to raise its benchmark rate by another 0.75 percentage point as it attempts to cool the economy and bring down high inflationWe have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
The manipulation of interest rates to rig the economy is why the Fed fails, and why they create the boom and bust cycles every few years. Interest rates should be determined by the market and people’s time preferences (saving vs. consuming). EndtheFed
As soon as the Republicans take the House and likely the Senate, the media will suddenly start pushing the recession, blaming it on Republicans.