Personal Income Rose In October, Despite The Fed's Best Efforts
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This coming Wednesday, December 14, the Federal Open Market Committee will meet for the last time this year, and enact its final rate hike for 2022. We should consider, therefore, how well the Federal Reserve’s rate hikes to date have fared, and how well they have succeeded in squelching demand and bringing on economic recession—the Fed’s preferred method for reducing inflation.
Personal Income Rose In October, Despite The Fed's Best Efforts
Personal Income Rose In October, Despite The…
Personal Income Rose In October, Despite The Fed's Best Efforts
This coming Wednesday, December 14, the Federal Open Market Committee will meet for the last time this year, and enact its final rate hike for 2022. We should consider, therefore, how well the Federal Reserve’s rate hikes to date have fared, and how well they have succeeded in squelching demand and bringing on economic recession—the Fed’s preferred method for reducing inflation.