Quote:
Originally Posted by dewilson58
Bingo.
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oiginally Posted by retiredguy123 View Post
In my opinion, interest rates, including CDs, will remain very low for a long period of time. The goal is to stimulate the economy and encourage borrowing, .................................................. .....
Bingo.
With inflation ramping up the only tool the Fed has to throttle back inflation is to increase interest rates (monetary policy) at the same time the government in inclined for political reasons to spend more money (fiscal policy) that added money fuels inflation. the Fed isn't screwing with anybody it's trying to put the economy back on an even keel, a balanced portfolio ,adjusted for the individual, a lifestyle based on realistic view of your assets will go a long way to avoid personnel financial disaster