These rate rises are starting to feel political in the UK and US. There’s an element of strongman signalling, regardless of damage, to make up for the earlier mistake of not responding early enough.
The US markets are still well down, banks are failing, mortgages are extremely high.
Stop dishing out the pain guys, at least until all of the previous rate rises have played through The system.
The US markets are still well down, banks are failing, mortgages are extremely high.
Stop dishing out the pain guys, at least until all of the previous rate rises have played through The system.