News and Opinion: June 15, 2022. The Federal Reserve Increased Rates by 75 bps

This is the attempt by the Federal Reserve to fight inflation. It seems that finally they have realized that inflation is not transitory, but systemic. The problem is that by increasing the interest rates, the economy is going to cool down, more than it has been doing so far. Most likely we will end up in a formal recession by the next quarter.

The question remains. Is this enough to contain inflation?

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This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.