The world economy is in recession and likely the U.S. economy. The Feds are out of ammunition if and or when we fall into recession.
Raising interest rates is only a ploy to give SOME SORT of room to drop rates once again.
I've watched the economic calender for months, 8 of 10 reports have been negative/heading negative or unexpectedly negative for months.
Folks...we’re being deceived by our own gubbamint.
Has it occurred to anyone that maybe the problem IS the near-zero interest on savings? That a very big reason that the middle class is no longer a majority of US households is that responsible people can't get ahead by saving? That retirees are getting financially destroyed by no interest on their nest eggs, and that impacts the financial well-being of their kids and grandkids? That the reason wages don't go up is the country is inundated with cheap labor?
I know nothing. But neither do the ones who messed up the economy!