Fed set to make interest rate decision as inflation hits 3-year high

[Unwind Your Mind]

3. The thing is...

This is not inflation driven by too hot growth, where raising interest rates would serve as a check. This is inflation driven by supply shock and raising rates will only make it worse. Lowering rates would be of a small value and it might be better to hold that back for future use.

I suspect they will hold rates where they are. But, who knows with these people. I’m only a small business accountant with a BS in Finance 🤷‍♀️