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A comment on Federal Reserve raises rates by 0.75%. Parent comment

Re:Federal Reserve raises rates by 0.75% by francisofascii on Wednesday June 15, 2022 @02:52PM (#31757574)
What good is a higher wage if inflation is worse.
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Re:Federal Reserve raises rates by 0.75% by ProfessorLayton on Wednesday June 15, 2022 @03:43PM (#31758353)
Unfortunately it really depends on which side of inflation one is in. Wage increases still help in an inflationary environment if one has existing debt (i.e. a mortgage).

Furthermore, a lot of inflation is in housing itself, so if one already is a homeowner, then a significant amount of inflation is bypassed.

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Re:Federal Reserve raises rates by 0.75% by ipaddr on Wednesday June 15, 2022 @03:38PM (#31758279)
Reduces preexisting debt
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