Maybe if they cut spending that might help.![]()
Fed's aggressive rate hikes raise likelihood of a recession
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.apnews.com
Guessing money will flood out of the market and back into the banks at that rate.I heard on the radio this morning, that they are expecting to raise rates as much as 7.25% by the end of the year. Recession is going to be welcome at that point.