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Re:Inflation rises to 7% in December (led by energy) by refurb on Wednesday January 12, 2022 @07:30PM (#29915079)
Right, but don’t ignore the knock on effects of housing payments sucking up more cash, reducing consumer spending. And it won’t be fun refinancing at a higher rate and finding out your house is worth less than when you bought it.
Re:Inflation rises to 7% in December (led by energy) by rapind on Thursday January 13, 2022 @07:35PM (#29929057)
I don’t think our government will let interest rates go up. It should have happened a decade ago, but they kept lowering them instead (and watched the bubble grow). It’s political suicide at this point to do it in any meaningful amount.