🔶 US Interest Rates: Too High for Too Long? 🔶
◆ Fed funds rate, adjusted for core CPI, has surged to 2.33%, its highest since October 2007.
◆ Real interest rates have jumped by 8 percentage points over the past two years.
◆ Rates are now higher than pre-pandemic levels, even before 2020.
◆ Historically, such restrictive rates often led to economic downturns.
◆ Is the Fed at risk of acting too late, again?
