The Federal Reserve raised interest rates several times over the past few years to prevent inflation from spiraling out of control. The rate hikes were intended to help keep the economy stable and prevent the economy from overheating. The one-year anniversary of the rate hike shows that the Federal Reserve was successful in controlling inflation, as inflation rates have remained relatively stable over the past year.
As for the March rate hike, I believe it will be 50bps or 75bps maybe? Because with the rate hike show on the data that inflation will not ease so soon. Fed should have be more determined and go for a higher rate! I hope Mr Jerome Powell can make a right decision and hopefully no economic recession!
@TigerStars @Tiger_chat @MillionaireTiger @CaptainTiger @Daily_Discussion
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[Miser]