Is the Federal Reserve at the End of Its Rope?

Is the Federal Reserve at the End of Its Rope?

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The Federal Reserve delivered another 75 basis point interest rate hike at its July FOMC meeting. This pushes the federal funds rate over the 2% threshold to between 2.25% and 2.5%. The mainstream media emphasized the size of the hike. One headline called it “a second super-sized hike,” with many other mainstream pundits noting that it matched a June hike was the biggest since 1994. But it wasn’t as big as the full 1% hike everybody thought was on the table after we got June’s flaming hot Consumer Price Index (CPI) data. Here’s the question: has the Fed reached the...
Source: https://www.newswars.com/is-the-federal-reserve-at-the-end-of-its-rope/