US COULD GET INTO AN INFLATIONARY SPIRAL ‘UNLIKE ANYTHING WE’VE SEEN': KEVIN HASSETTJohn Lonski, president of Thru the Cycle and former chief capital markets economist at Moody's Analytics, says consumers might not feel the pain of the Fed's initial rate increase of 25 basis points earlier this year, but they will certainly notice the hikes if they continue through 2022 as policymakers have signaled.
Although a series of rate increases is expected, forecasting the Fed's behavior for the rest of the year is "a fool's errand" given the uncertainty with Russia's war onFederal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington.Rates for a 30-year fixed mortgage already crossed above 5% as tracked by Freddie Mac.
Significa que se le acaba la mamadera a la FED 🤷♂️🤷♂️🤷♂️ 📉📉📉 CrashUSD 💵
It means the stock market is going down another 20 ro 30%. It means peoples investments for their children's education and their retirement is going to disappear. It means poverty and hardship for millions of people. For crying out load it means the Fed has destroyed our economy.
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