Inflation is high, so interest rates need to go up to try to slow that, but the economy isn't doing amazing already, and higher interest rates won't help that.
Not to mention the US debt is _high_ as hell and bond yields mean that's more expensive.
And the country is run by a broken fool who has no interest or ability to fix any of that.
Get ready for a fun ride my friends :)
This comment isn't helpful. Please explain for those of us without a degree in economics.
bwb is likely referring to the likelihood that this will send Trump into a tremendous rage.
[delayed]
Higher rates means USG will need to print more money to pay for $40TN debt which will increase inflation which will force higher rates.
Inflation is high, so interest rates need to go up to try to slow that, but the economy isn't doing amazing already, and higher interest rates won't help that.
Not to mention the US debt is _high_ as hell and bond yields mean that's more expensive.
And the country is run by a broken fool who has no interest or ability to fix any of that.