Slower Pace to the Peak and the Bottom
Monday, November 7, 2022
High inflation pushes the Fed to keep raising interest rates, while rupiah is slowly slumping to the lowest point.
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A GRIM projection has come from the Federal Reserve Chair Jerome Powell. After the Fed rate hike was announced last Wednesday, reporters asked: will the Fed be able to make a ‘soft landing’, slowly decelerate the United States economy while keeping inflation down, without throwing it into recession? Powell answered bluntly: it is still possible, but the path is getting narrower.
And so, belligerent inflation has thrown the Fed into d
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