General Discussion

JohnSJ

(98,883 posts)

3. They are trying to slow down the economy to curb inflation, and it is actually

Fri Jul 7, 2023, 04:51 PM

Jul 2023

working somewhat

I suspect we are very close to the end of rate hikes.

Compared to what Paul Volker did, this rate increase is very moderate

Problem was that interest rates were kept too low for too long after the economic implosion caused by deregulation

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Another Interest Rate hike. Just heard on the news. Yes, I'm angry. [View all] Paper Roses Jul 2023 OP

Agreed Chi67 Jul 2023 #1

I'm no economist and couldn't start to explain SharonClark Jul 2023 #2

They are trying to slow down the economy to curb inflation, and it is actually JohnSJ Jul 2023 #3

Raising interest rates rownesheck Jul 2023 #4

Just about every economist SCantiGOP Jul 2023 #11

Killing investment interest rates NewHendoLib Jul 2023 #5

To cut money supply and dampen inflation. It's working. marble falls Jul 2023 #6

It's correlated - inflation has been going down while interest rates have been going up, but... Silent3 Jul 2023 #36

The trick is to keep it from going into recession. The Fed meets often and discusses it thoroughly.. marble falls Jul 2023 #38

I thought reverse mortgages pay you. Mosby Jul 2023 #7

Yeah, my first thoughts.... AZ8theist Jul 2023 #9

I don't believe a word that the reverse mortgage sellers utter. JanMichael Jul 2023 #12

Agreed AZ8theist Jul 2023 #15

They can be great when used wisely. A moonscape Jul 2023 #29

I think reverse mortgages are the best way to give your inheritance to the bank. airplaneman Jul 2023 #31

This message was self-deleted by its author CountAllVotes Jul 2023 #40

The interest rate increase eats up moonscape Jul 2023 #28

short answer is that inflation is still too high stopdiggin Jul 2023 #8

Without the rate hikes SCantiGOP Jul 2023 #10

Interest on the National Debt is spiking too. Frasier Balzov Jul 2023 #13

Fed SPECIFICALLY wants unemployment to rise... It's sick JCMach1 Jul 2023 #14

Powell does, who by the newdayneeded Jul 2023 #25

I dont think interest rate hikes is the solution to inflation. honest.abe Jul 2023 #16

Interesting inthewind21 Jul 2023 #18

Post removed Post removed Jul 2023 #19

Inflation is too hgh Progressive dog Jul 2023 #17

Inflation was a lot higher in 1979-1983.... DemocraticPatriot Jul 2023 #33

Sometime during that period Progressive dog Jul 2023 #39

It doesn't hurt people with debt Zeitghost Jul 2023 #20

where are you hearing this? I just checked multiple news sites and google and nothing about a rate Takket Jul 2023 #21

If you listen to or read financial/economic news the Federal Reserve is all GoodRaisin Jul 2023 #37

Very sorry. I think problem is that inflation hits food, affordable houses, health Silent Type Jul 2023 #22

What a lot of others have said, it slows down the economy and reverses inflation. Xolodno Jul 2023 #23

What you heard is that another rate hike is *anticipated* when the Fed marybourg Jul 2023 #24

It's not being done by Biden. W_HAMILTON Jul 2023 #26

THIS calikid Jul 2023 #27

Powell is not a holdover. former9thward Jul 2023 #32

+1 CountAllVotes Jul 2023 #43

Don't Think It's Needed ProfessorGAC Jul 2023 #30

If you took some kind of "variable interest rate" on a reverse mortgage, DemocraticPatriot Jul 2023 #34

The Fed increased the money supply by about 50 percent during the pandemic. roamer65 Jul 2023 #35

My thoughts CountAllVotes Jul 2023 #41

Hasn't happened yet, later this month, July, so say the experts, then, maybe one more this yr Shanti Shanti Shanti Jul 2023 #42