Here is what central bank rates have been doing over the years. You can really see how low the US went in comparison to the rest of the other countries. And why the years of easy money is now taking effect in the form of inflation. Like a giant oil tanker that takes a long time to turn, the fed has a similar feel for the delayed reactions when it comes to raising & lowering rates.
Image Source: WSJ.com
No comments:
Post a Comment