Re:Fed increases target rate to 3.75-4.00%
by avmich on Wednesday November 02, 2022 @06:06PM
(#33443572)
Because people will cut spending on going to theaters somewhat, and that takes some gas to get there. No, short term people don't need theaters to survive.
There is some non-critical spending to cut, Feds rely on that.
Why would people cut spending on food and gas? They need both to survive. That's what the CPI is made of.