The Fed is complaining that wages are rising ever so slightly faster than inflation, they intend to slam the economy to stop and probably reverse that trend.
That is sort of the genesis of the Biden-Yellen beef ATM.
Neither outcome is good.
The Fed is complaining that wages are rising ever so slightly faster than inflation, they intend to slam the economy to stop and probably reverse that trend.
That is sort of the genesis of the Biden-Yellen beef ATM.
Neither outcome is good.