Why the Fed “Can’t Stop, Won’t Stop” Raising Short-term Rates?
Former Global Chief Economist for JPMorgan Chase & PH.D in Economics
Why the Fed “Can’t Stop, Won’t Stop” Raising Short-term Rates?
Today, the Federal Reserve did it again. It unanimously opted to raise its short-term policy rate by 75 basis points! Despite such actions, there is growing speculation that U.S. inflation has peaked.
Wages account for two-thirds of the costs incurred when producing a good or service. This…
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