RE:RE:RE:NAV July 10rabnud wrote: Rate announcement will be on Wednesday and I expect a 1/4 increase again. Wage and food inflation still sticky high.
raising interest rates in this era will only fuel inflation not curb it but all the idiots that run that deal are so old school they cant see their way in daylight
Raising rates makes stuff more expensive which in turn curbs spending.
It also slows borrowing since payments increase.
When you increase payments and have to pay more for stuff, you slow down spending and prices eventually start coming down, hence inflation slows down, and then borrowing rates will eventually come down again.
Just becuase you don't agree with them, that doesn't make them idiots.. SMH!!