๐ถ US Interest Rates: Too High for Too Long? ๐ถ
โ Fed funds rate, adjusted for core CPI, has surged to 2.33%, its highest since October 2007.
โ Real interest rates have jumped by 8 percentage points over the past two years.
โ Rates are now higher than pre-pandemic levels, even before 2020.
โ Historically, such restrictive rates often led to economic downturns.
โ Is the Fed at risk of acting too late, again?
