The Fed continues to hike interest rates, which is having ripple effects across the world. Borrowing costs are rising, making it more expensive not just for individuals, but for companies and entire governments. The strong dollar is putting pressure on emerging market governments and their currencies, making dollar-denominated debt painfully expensive.
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That’s all you need to know. The Federal Reserve is once again manipulating us and much of the world into recession.
Interest rates should be determined by the markets, not Ivy League elites.
The Fed sets only SHORT term rates. The market sets the rest.
“Interest rates should be determined by the markets, not Ivy League elites.”
You must not remember the 1970s and The Bond Vigilantes.
Interest rates are determined by the market. The Fed at best can try to influence them, particularly at the very shortest end, but the bond market will do what it wants.