Mac1958
Diamond Member
The economy is still too strong. If they ease up at all, that's a bigger risk than increasing rates a bit. A lot of this is just market psychology too.I don't know why they raised the federal fund rate the other day. Inflation has been coming down for months now.
Inflation is a killer, and the Fed has made the decision that killing it has to take precedence over the economy and even job growth.
It waited FAR too long to increase rates, and now it's trying to play catch-up. That's wrecked several banks.