Re:Manhattan rents cross $5k threshold for first time
by gpt5 on Thursday July 14, 2022 @11:34AM
(#32097372)
>Year over year inflation is 9.3% and Fed interest rate is only 1.5%, while it should be 2% points over inflation.
This ignores the realities of the market. A much lower rate than 11.3% (e.g. a 4%) would lead to a deep recession due to a shrinking money supply, which in turn would "counteract" inflation.
This ignores the realities of the market. A much lower rate than 11.3% (e.g. a 4%) would lead to a deep recession due to a shrinking money supply, which in turn would "counteract" inflation.