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Re:Fed increases target rate to 3.75-4.00% by rtkwe on Wednesday November 02, 2022 @11:23PM (#33446596)
Even if you're not put fully out of work if you have less money you'll only take essential trips reducing gas demand even if you're somewhere without public transit at all. Same with food, less money means you'll buy cheaper alternatives that are generally easier to produce.

Just because something is 'essential' doesn't mean you'll always spend the same amount on it regardless of your economic situation.

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