Re:Summers: Inflation Reached 18% in 2022 Using the Governme...
by ethbr1 on Saturday April 13, 2024 @05:02PM
(#40026095)
> The only way seems to be interest rates on personal loans and mortgages.
Most interest rates across the economy are set in relation to a benchmark rate, which loosely follow the Fed rate. E.g. the US prime rate.
This effects essentially all credit that isn't fixed rate, which is a huge portion.
How this effects you -- the price of credit that businesses use to function, which essentially every business uses, ultimately shows up in the cost of goods.
Most interest rates across the economy are set in relation to a benchmark rate, which loosely follow the Fed rate. E.g. the US prime rate.
This effects essentially all credit that isn't fixed rate, which is a huge portion.
How this effects you -- the price of credit that businesses use to function, which essentially every business uses, ultimately shows up in the cost of goods.