The media sells a questionable narrative that the fed had no choice but to raise rates to curb inflation.
Raising rates will not achieve this goal. It will only lead to negative equity for many.
Leading economists suggest that inflation is going to happen no matter what unless you increase the productivity output of goods and services to match the money that has been printed.
Therefore, the fed should be lowering rates to spur this much needed activity/productivity.
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Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.