the fed is destroying teh economy and handing congress to the GOP
mortgage rates are now 7%
stock are getting destroyed especially income paying stocks that a lot of retireees depend on. stocks are now at their lowest since december 2020
the fed waited to long to start raising rates and are now panicking on the other side and raising them so fast that its goign to cause a deep recession which will be nothing but good news for the GOP
the dollar is soaring on the feds aggressive hikes which is just compounding things. the dollar is trading almost 1-1 with the british pound and the euro is well under $1
meanwhile month over month inflation has dramatically come down. while the news likes to scream 8%+ inflation the rate for the last 2 months has actually been zero. for the last 3 months its been running at an annual rate of 5.6% down more than 50% from the 3 months before
