Will the Fed's Interest Rate Hikes Affect the Economy?

The fed is now beginning to deliver on their own interest rate hykes here. One sector that's going to be heavily impacted is housing, because credit cards are always at usurious rates. New vehicle sales have essentially plunged to 19 seventys level since a a april, two thousand 21 last year. The big thing, i think, will be in terms of acid prices. That is one of the ways at the wealth effect works. It used to e an inters repression do to pump up acid prices, which generate some consumption,. Which goes into chety pe o begause people feel wealthy. And as so it it perculates through the economy of lole bidness.