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From: Occhio Pazzo 🇬🇧
But raising rates wouldn't bring down the oil price, which has driven inflation.

Current Thread	Author	Time
FOMC in a min.	Free Thinking Doggie	17:57:15
>> Fed has no clue...	Free Thinking Doggie	18:02:14
>> How can they not raise rates when inflation is almost double the target rate ?	Free Thinking Doggie	18:03:30
>> Higher rates add to inflation initially	Denc 🗡	19:17:16
>> It’s classic economics that eventually they bring down inflation by ... [more]	Denc 🗡	19:54:54
>> Fiscal restraint would be a good start.	JonH🍕	20:07:42
>> Or even work	Denc 🗡	19:55:39
>> How would raising rates bring down the oil price?	Occhio Pazzo 🇬🇧	18:22:25
>> It wouldn't. But the rising oil price is a result of US policy.	Free Thinking Doggie	18:24:11
>> So, why should they raise rates?	Occhio Pazzo 🇬🇧	18:27:00
>> They need to get a grip on inflation. Fed's target is 2%.	Free Thinking Doggie	18:28:32
>> But the sovereign debt.	JonH🍕	18:32:18
>> But raising rates wouldn't bring down the oil price, which has driven inflation. ...[more]	Occhio Pazzo 🇬🇧	18:32:10
>> Everyone and his dog is using the oil price as an excuse.	Denc 🗡	19:18:15
>> Lobster gone from $9 to $11 per pound. Diesel $3.50 per gallon to $7	Denc 🗡	19:30:06
>> I have no doubt your heart bleeds. Nm...[more]	Denc 🗡	19:30:00
>> No. Printing zillions of new dollars has driven inflation.	Free Thinking Doggie	18:36:08
>> https://tradingeconomics.com/united-states/inflation-cpi	Occhio Pazzo 🇬🇧	18:43:58
>> I guess they just don't care.	Free Thinking Doggie	18:06:47
>> He will have to explain himself in the press conference.	Free Thinking Doggie	18:17:22

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