The FED said today there going to reduce their balance sheet!
The FED today said there will be 4 rate hikes this year.
What does that mean to us credit card holders? Are our interest rates are going to go up?
What is going to happen to businesses that have been borrowing at astonishing low rates,?(It’s almost free money).
Is the change in the FED’s policy going to hurt companies like Tesla, which I assume will have to raise the price of it’s cars, and Amazon prices to meet the new interest rates.
How many companies are going to go out of business?
Are we going to end the Covid recession recovery by going into a deep depression?
Now if history serves me right, didn’t the Federal government start easing on the New Deal programs because the number showed that the country was coming out of the Depression, of course the easing of the New Deal made things worse then they were prior to when Roosevelt took over as president.
*** Did Elon Musk know what the FED’s were going to do a head of time, so he sold 10% of his stock?
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