How do we know that inflation in June hit a 40-year high of 9.1 percent – BY THE TIRE TRACKS – Feds raising interest rates for the first time in 30 years? Brian Deese probably never heard of ECONOMICS 101 – a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services. economic theory, principles, or practices.
Other indicators of a recession are the collapse in consumer confidence, a crumbling housing market, and a reduction in export competitiveness due to a strong dollar.
Looks like he needs a refresher course on economics at his alma mater – Bachelor of Arts degree in international politics and economics from Middlebury College in 2000 and a Juris Doctor from Yale Law School. They taught him economics at Middlebury and then Yale Law taught him how to lie about it.
The Fed Is Inducing A Recession To Deal With Inflation
(NewsGlobal.com)- With inflation in June hitting a 40-year high of 9.1 percent, the Federal Reserve is likely to continue raising interest rates as a way to contain inflation.
Last month, the Fed began raising interest rates for the first time in 30 years. With last week’s June inflation numbers, it is likely the Fed will boost interest rates again during its upcoming meeting next week.
Already there are signs that the Fed’s push to combat inflation is slowing economic growth. The Atlanta Federal Reserve anticipates another contraction in the second quarter of 2022.
Again, other indicators of a recession are the collapse in consumer confidence, a crumbling housing market, and a reduction in export competitiveness due to a strong dollar.