>>I suspect that they will ease rates up to try and moderate the inflation rate and see if it helps.<<
Lol, that gave me a chuckle. The feds are between a rock and a hard place in that raising interest rates will add billions to the national debt.
Yea, I suspect they’ll ease rates up too.
It doesn't directly add to the debt, it adds to the cost of servicing the debt. Of course, when Congress does nothing to control spending or increase revenue the the interest costs can be included in future deficits.
Yea, I suspect they’ll ease rates up too.
The factors helping to drive this inflation - excessive government money handouts, pent up COVID demand, the supply chain fiasco - are not the normal drivers. That's why I suspect they will ease rates up a bit, see what the effect is, and either ease them up again or back them off.