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cthulhus_tax_return t1_jbl8wve wrote

Unemployment will be low so the Fed will raise rates. Ridiculous.

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in-game_sext t1_jbn2oe7 wrote

Correction: the Fed will raise rates because they kept doing it and it hasn't worked at all so why not try it some more to hurt working class Americans even more while ignoring the actual cause of inflation which is corporate opportunism

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Aazadan t1_jbo4dz8 wrote

Raising rates is the correct move. It needed to happen a decade ago. This is still fixing issues resulting from the 2008 crash and an economy that has gotten too used to being subsidized by 0% interest rates.

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PLEASE_PUNCH_MY_FACE t1_jbqutf0 wrote

I don't know why you're being downvoted. Capital is too expensive because credit is too cheap.

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Aazadan t1_jbv4gt8 wrote

It’s an understandable reaction. There’s a lot of people out there that are upset the economy is cooling due to increased rates. If you walk people through the logic of why they were lowered, and the downsides of long term low rates, they’ll agree they should go up, but perhaps to not what they were before. But also ignore that pre 2008 rates were also historic lows for the time.

While it’s certainly not without its downsides, rates needed to go up, and I’m glad it’s finally happening. The original plans which should have started several years ago would have been .25% per quarter for years. But no one wanted to pay that political price.

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[deleted] t1_jbm45hr wrote

[removed]

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jeffyoulose t1_jbmzubc wrote

Inflation is high because everyone is taking the excuse of inflation to raise prices. It's a deadly cycle. We just need for wages to rise then it's all over. Welcome to the Weimar America.

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Gjallarhorn_Lost t1_jbmdap5 wrote

It's been high for a few decades.

Edit: If you look at the housing market, healthcare, and tuition. These specific industries have been terrible. And I don't believe housing is even factored into inflation because it's an "investment". I'm not sure about the other two industries.

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ArrrGaming t1_jbs3a80 wrote

> Unemployment will be low so the Fed will raise rates. Ridiculous.

If only. Many large tech companies have laid of a few hundred thousand highly paid workers, which is weird because most of those companies recorded profits, just not as much growth year after year (the horror!)

If the report this week doesn't reflect it, wait a month or two when everybody from January-March runs out of their "non-working period" and begins to collect unemployment if they haven't found a new job by then.

Unemployment isn't down. It's just not.

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