Economists war that Americans and the entire world need to continue tightening our belts for the long and bumpy ride ahead.
The Federal Reserve faces the daunting task of reassuring the public that is increasingly convinced the central bank has already blown it. Slam the breaks or slow down?
When the Fed raises rates, it would imply that the banks are seeing a growth in credit disbursement. A lot of people are opting for the loan facility. So, in order to satisfy the need for credit, banks usually shift their reliance on fixed deposits.
Whenever consumers see economic growth slowing, job creation tapering, mortgage rates rising, house prices moderating, and demand slackening, keep in mind:
The Fed's effort to reduce inflation, that's the point
This is happening on purpose
It iswhat cooling off a hot economy means
Fed rolls out biggest rate hike since 1994, flags slowing economy https://www.reuters.com/markets/us/fed-seen-revving-up-inflation-fight-…
Fed attacks inflation with its largest rate hike since 1994 https://apnews.com/article/fed-interest-rates-inflation-be1b698e48327d3…
The Fed delivers biggest interest rate hike in decades to combat surging inflation https://www.npr.org/2022/06/15/1105026915/federal-reserve-interest-rate…
The US makes biggest interest rate rise in almost 30 years https://www.bbc.com/news/business-61804877
Fed hikes interest rates by three-quarters of a percentage point in boldest move since 1994 https://www.cnn.com/2022/06/15/economy/fed-rate-hike-decision-june/inde…
Stopping inflation is going to hurt. The economy will feel worse before it feels better. https://www.vox.com/the-goods/23169673/fed-interest-rate-hike-inflation…
Federal Reserve orders rare .75% interest rate hike to control inflation https://www.upi.com/Top_News/US/2022/06/15/federal-reserve-interest-rat…
Economies and War https://www.realclearworld.com/2022/06/15/economies_and_war_837391.html
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