{"id":8914,"date":"2022-09-21T16:40:33","date_gmt":"2022-09-21T16:40:33","guid":{"rendered":"http:\/\/lonecandle.com\/?p=8914"},"modified":"2022-09-21T16:40:33","modified_gmt":"2022-09-21T16:40:33","slug":"the-fed-is-declaring-war-on-inflation-it-could-lead-straight-to-recession","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=8914","title":{"rendered":"The Fed is declaring war on inflation. It could lead straight to recession."},"content":{"rendered":"\n<p>\n\n&#8220;many Fed watchers say some of the root causes of inflation lie outside the central bank\u2019s control, like the U.S. labor shortage, global supply chain snags and Russia\u2019s war on Ukraine. They\u2019re raising concern that higher rates could crimp growth without leading to much relief on prices \u2014 a point that Sen. Elizabeth Warren (D-Mass.) has hammered away at Powell for months.&#8221;<br>&#8230;<br>&#8220;Markets are expecting rates to rise nearly 2 more percentage points by the end of the year. That would bring them to a level that is more normal by historical standards \u2014 the Fed\u2019s main borrowing rate would sit above 4 percent \u2014 but is staggeringly high compared to the near-zero rates that have mostly prevailed for more than a decade.&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.politico.com\/news\/2022\/09\/21\/federal-reserve-rate-hike-inflation-00057885\">https:\/\/www.politico.com\/news\/2022\/09\/21\/federal-reserve-rate-hike-inflation-00057885<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;many Fed watchers say some of the root causes of inflation lie outside the central bank\u2019s control, like the U.S. labor shortage, global supply chain snags and Russia\u2019s war on Ukraine. They\u2019re raising concern that higher rates could crimp growth without leading to much relief on prices \u2014 a point that Sen. Elizabeth Warren (D-Mass.) has hammered away at Powell for months.&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;Markets are expecting rates to rise nearly 2 more percentage points by the end of the year. That would bring them to a level that is more normal by historical standards \u2014 the Fed\u2019s main borrowing rate would sit above 4 percent \u2014 but is staggeringly high compared to the near-zero rates that have mostly prevailed for more than a decade.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[217,165,1316,592,586,587],"class_list":["post-8914","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-economics","tag-economy","tag-inflation","tag-recession","tag-the-fed","tag-the-federal-reserve"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8914"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8914\/revisions"}],"predecessor-version":[{"id":8915,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8914\/revisions\/8915"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}