this post was submitted on 04 Dec 2023
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Don't worry, the real economic crisis is just now coming with the Fed planning on raising interest rates next year. That's been a pretty reliable indicator that shit is about to hit the fan for the last few financial crisis. What we got after the Pandemic was just a little entrée.
I think the Fed said they will start lowering rates, maybe by 1%. But, yeah, this means they think they've got inflation under control, and worried about slow growth or decline in 2024-2025. I've heard speculation that OPEC may cut oil production to increase inflation before the election in an attempt to make Trump more likely to win, so dunno how the Fed will respond to that, if it happens. Inflation caused by supply shocks could also slow real growth.