Whatever they are trying to do to slow inflation is not working.
It seems to be having the opposite effect.
They keep raising interest rates and the prices of everything keep going Up.
We are accelerating now.
The Crash is coming quickly.
Rate hikes raise the costs for companies to pay down their debt, increasing the possibility of corporate bankruptcies and defaults on commercial loans. It may even potentially lead to stagflation…the double whopper of stagnant growth and continued inflation. In other words, prices may remain high and the job market will probably be worse.
The Fed only cares about inflation. That’s bad news for you:
Source: https://www.cnn.com/2022/10/12/investing/federal-reserve-inflation-economy-recession/index.html