The rate of inflation was higher than expected in August, suggesting that inflation is far from under control. The FED needs to remain aggressive and we should anticipate more rate hikes.
The cost of debt is likely to increase with things like credit cards, auto financing, and personal loans. Consumers need to prepare for this and get sound advice.
Investors are terrified about where interest rates will land.
While inflation erodes spending power, interest rate hikes make the cost of borrowing more expensive. This confirms the prediction of a deep recession coming soon.
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