The Case for High Interest Rates
An intriguing new theory says the Fed’s rate hikes have actually boosted economic growth. But is it too brilliant to be right?
Source: newrepublic.com
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An intriguing new theory says the Fed’s rate hikes have actually boosted economic growth. But is it too brilliant to be right?
Fed rates are high but growth is still chugging on and inflation isn't coming down. So, are interest rates stoking inflation?
Inflation expectations, which the Fed thinks are the most important single input to realised inflation, are falling.
Economists predicted a downturn. It didn't arrive.
Record gold prices defy norms: real rates, inflation yields drop, geopolitical factors shift dynamics, uncertainty prevails.