The Federal Reserve kept U.S. interest rates unchanged but signaled that borrowing costs will likely rise by another half of a percentage point by the end of this year.
A whole load of horse crap! The markets are not there to be messed with. If everything is going up only because of cheap loans, of course if interest rates goes up everything will crash down. But now it's stubbornly high meaning everything is still ok until rates goes up higher that will cause a recession, is that necessary or planned?
FED should rise hike to cool the stubborn inflation further rather than wait and see... They have been seeing that for last 12 months. Pause and likely increase next month will not meet their objective.
US economy sinking in tornado force. Raising rate to curb inflation is just a drama. They know as now traditional way in relation ratecut and inflation no longer working. What they do is find a way to strengthen dollar. To the stage, rate hike will halt US economic as whole. Till than 2024