• fullsquare@awful.systems
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    3 days ago

    no way lol, if anything there’s another hike incoming

    SAN FRANCISCO, Oct 14 (Reuters) - The Federal Reserve will probably need to increase short-term interest rates further to ‌rein in too-high inflation, San Francisco Federal Reserve President Mary Daly said on Wednesday, but she signaled there is no need to do so at the US central bank’s October 27-28 meeting.

    • jacksilver@lemmy.world
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      3 days ago

      You can tell the Fed doesn’t know what to do given they keep pretending inflation is tied to economic activity and not trade wars and actual wars.

      In a normal world the Fed would be calling on the President or Congress to enact policy to curb inflation since its a type of inflation the Fed has no control over, but no one seems to want to call Trump on all the damage he’s been doing.