Inflation in the US of A is going through the roof. Now the Feds are raising money interest rates which in itself is a kind of inflation (?) because the price of money 💰 is costlier.
Now if you had turned on any of those businesses channels even a year ago they had people they would have demanded that the Fed raise interest rates or there is going to be inflation, well we have inflation and the Fed is raising interest rates.
Prediction interest rates rising will not do anything to stop 🛑 inflation from rising, hopefully it will not make matters worse. This inflation isn’t do too to much $ money, but to few goods.
Let’s get real we need dock workers to to unload the cargo from overseas. We need to produce more oil and gas . We need more truck drivers (80,000 more)to deliver the goods. We need farmers all over he world especially in Africa and South America to produce more. We need our meat packing plants to have more workers. We need workers to make construction materials and workers for construction.
If you get my drift, the Fed raising interest rates will have zero to bring down inflation.
*** If a person gets a windfall there are several things they can do with it, save it, invest it, spend down debt, or go on a shopping 🛍 spree.
Over a year ago I recall that the consumer was spending down debt and saving, today savings have dwindled and debt is rising fast. That should tell you something.
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