According to CNN the economy is tanking

[TBF]

69. As usual lower & mid income folks hurting - cost of borrowing is too high (interest rates) BUT

there is also the problem that multi-national corporations are making billions. They have no problem with raising their prices & over-compensating their executives. The Fed does need to hear about the rates, but they can't do much (at least in short term) about the companies and their shenanigans. What we need is these companies held to account, and that's going to be difficult in an election year because the strongest lever on that is tax hikes.