JUST IN: Federal Reserve Raises Interest Rates by Another 75 Basis Points to Fight Bidenflation
The Federal Reserve on Wednesday raised interest rates by another 75 basis points – or 0.75% to ‘fight’ Bidenflation. The fed funds rate is now in the range of 3% to 3.25% – the highest since 2008. 30-year fixed rate mortgages already hit 6.25% last week. ...
I would only make insert how raising interest rates pulls money out of circulation by making it more expensive to borrow. This slows down the fractional reserve lending money press, since it is by lending money they don't have that banks create money from thin air. And as you correctly point out, it is that increase in the money supply that is inflationary.