Fed's got another excuse to cower away from really pushing through an overly aggressive rate hike to KO the markets. With a war looming and national debt at record high due to pandemic spending, do you think it could really drive up interest rate? The real reason is moot for why inflation is so high and it's pandemic induced more than any real wages increment. Fed's run by a Republican and deep down we all know the US is never ever gonna repay its debt, so the only way out is to inflate away more than 2%. Peons as usual are screwed, not Wall St. Let's see how this plays out.
Stocks Trading on Fumes Probably Aren’t Keeping the Fed Awake
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