> The big picture: This points to a conundrum. The Fed is raising rates to cool inflation. But rate hikes are driving higher rents, which are fueling inflation.
Why everyone and their dog says Fed is raising rates, when Fed just barely raised rates.
Year over year inflation is 9.3% and Fed interest rate is only 1.5%, while it should be 2% points over inflation.
Why everyone and their dog says Fed is raising rates, when Fed just barely raised rates. Year over year inflation is 9.3% and Fed interest rate is only 1.5%, while it should be 2% points over inflation.