Unpopular Opinion: The Fed’s Interest Rate Hike Is Good News.
The Fed is looking to regain its credibility.
The Fed has finally decided. It wants to show that it is not letting inflation slip away, whereas it gave the impression until now that it was not taking the risk of inflation seriously. After starting a cycle of interest rate increases in March 2022, the Fed has surprised by raising them by 0.75% in one go to 1.75% on June 15, 2022:
This unexpected incr…
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