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Topic	Inflation rose 8.6% in May, highest since 1981
Jabodie 06/10/22 10:11:02 AM #15:	PatrickMahomes posted... so can we go ahead and lower interest rates again then since it didnt work Rates need to continue to rise if you don't want your cash to be monopoly money in 5 years (exaggeration). Raising rates is not some new method of curtailing inflation. This was the plan all along when they printed money hand over fist during the first year of the pandemic. Edit: I'll add here the Russian invasion of Ukraine is probably accelerating things in terms of inflation and how quickly the Fed wants to raise rates. theAteam posted... Current interest rate is 0.75%. They had to get rates to 20% to curb inflation in the early 80s. I think 0.25% per quarter might not be cutting it. Let's hope it doesn't get to that lol. --- <insert sig here> <cite>Jabodie posted [p:965694893] in Inflation ... [t:80052041]...</cite> <quote>PatrickMahomes posted... </cite> <quote>so can we go ahead and lower interest rates again then since it didnt work</quote>Rates need to continue to rise if you don't want your cash to be monopoly money in 5 years (exaggeration). Raising rates is not some new method of curtailing inflation. This was the plan all along when they printed money hand over fist during the first year of the pandemic. Edit: I'll add here the Russian invasion of Ukraine is probably accelerating things in terms of inflation and how quickly the Fed wants to raise rates. theAteam posted... </cite> <quote>Current interest rate is 0.75%. They had to get rates to 20% to curb inflation in the early 80s. I think 0.25% per quarter might not be cutting it.</quote>Let's hope it doesn't get to that lol. --- <insert sig here></quote> ... Copied to Clipboard!
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