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the Federal Reserve increased interest rates of course they had been promising to increase interest rates and they delivered on that promise as much as the FED claims it doesnt care what the markets do it cares very much about what the markets do and so it tries to craft what it does with the markets in mind we have so much more debt now than we had in the past its a whole different world just because the economy could survive five percent interest rates when we had a relatively small amount of debt to service doesnt mean the economy can also survive five percent interest rates when we have a mountain of debt to service both in a private and public sectors but nonetheless is the biggest interest rate hike in 28 years so its very rare that the FED moves by 75 basis points so after all these rate hikes in a world where you have 8.6 percent inflation interest rates are still highly inflationary and so the FED remains behind the curve despite this rate AI inflation is going to get wor
