Slower Pace to the Peak and the Bottom
Monday, 7 November 2022
High inflation pushes the Fed to keep raising interest rates, while rupiah is slowly slumping to the lowest point.
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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