Fed officials are facing the difficult task of balancing the risk of cutting too soon with the risk of cutting too late — both of which come with consequences. That’s why the timing of that first rate cut is so critical, because it could either undo the progress the Fed has seen, if officials cut too soon, or it could fail to prevent the economy from sharply deteriorating, if officials cut too late.
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https://www.cnn.com/2024/03/20/economy/what-to-expect-from-the-fed-meeting/index.html?utm_source=business_ribbon
It's really important to understand that the Fed has prevented the U.S. from dropping into recession like most other countries on earth. I think if the American people were better educated they would realize how the government has protected them instead of worrying about food prices which are important too.
I think the real problem is that so many people are now living hand to mouth that any changes at all to inflation they feel much deeper in the hand to mouth economy most people live in every day now. I think in the past people saved more money because they could and still make ends meet.
However, with 4% average inflation every year now it hurts everyone to a greater or lesser degree depending upon their income and life situation and whether or not they have their property completely paid for or not.
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