Not sure what the author does not get here. The Fed raises rates to slow inflation. It has done some rate hikes and these have slowed inflation to some degree, but not enough to bring it back down to the level of 1-2% that is historically the norm. More slowing of inflation is needed, hence more rate hikes
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“Not sure what the author does not get here.”
He screamed that rates were too low right up until the FED started to raise and now he screams about the FED raising.
Clickbaiter.
What choice do they have? Soon that 1.7t omnibus bill money will start pouring into the economy. Shouldnt that reignite the ‘cooling’ inflation if they dont continue to raise rates?