Loading ...Thanks, but wow. That’s like trying to bail water out of a sinking boat while the left here are putting in more holes by printing more causing more hikes. Did they tell them it’s transitory too?
I don’t know if it’s going to be all that transitory even if they stop hiking.
They might not want a repeat of cheap money like Wall Street getting cheap loans to buy up all the housing “ so people will own nothing” and keep it higher. If they had any sense although haven’t been showing any. Congress needs to come up with laws to stop them.
The thing is especially Europe is they’ve been getting a free ride on us way too long and have they been taking advantage shorting our dollar causing us inflation while there’s go up?!!! So the Fed doesn’t want to hurt other countries at the expense of ours?
They kicked the can down the road and with our spend thrift lunatic leaders, print more debt since interest is so low. Now it can not longer be ignored and will cause more damage to us and everyone to get it back down to their target. The real numbers don’t even reflect,
I’m guessing they created their own debt and don’t want to raise rates themselves.