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Yahoo Finance -"Fed rate hikes: Wednesday's increase could add $2.1 trillion to federal deficits..."
The Federal Reserve hiked interest rates by 0.75% on Wednesday, making an aggressive move to tame inflation that could have other side effects — including a possible recession. The rate increase could also explode federal deficits even further in the years ahead."Fed rate hikes: Wednesday's increase could add $2.1 trillion to federal deficits, analysis finds."
https://finance.yahoo.com/news/fed-rate-hike-could-add-21-trillion-to-federal-deficits-new-analysis-finds-134413940.html
1 replies
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= new reply since forum marked as read
It makes the billionaires and millionaires that own much of that debt richer.
Protecting the fortunes of the 1% is of utmost importance.
