U.S. Federal Reserve Bank Has Trouble Taming Raging Inflation
What’s next for stock market as Federal Reserve moves toward ‘peak hawkishness’ – MarketWatch The U.S. Federal Reserve Bank has trouble taming raging inflation, causing perceived “peak hawkishness” (they are no longer optimistic about the inflation situation). The standard counter-measure to inflation is to increase the prime interest rate for consumer banks to borrow money from the Federal Reserve. In turn, causing the cost of mortgages, credit lines, credit cards, and consumer loans to go …