And the Fed ignored that warning shot, and went merrily ahead with another hike, and promised 4 more before end of 2019. Even after that interest rates will still be below the average of last 60 years.
Interest rates are lagging indicators of economic performance.
Interest rates are lagging indicators of economic performance.
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Short term interest rates are manipulated by the Federal Reserve, justified by their lie that economic growth and wage increases cause inflation.