Fed Minutes Cause Market to Drop

Today the Federal Reserve Minutes came out, and their plans for aggressive action to slow an overly hot U.S. economy were made more clear. Borrowers will face rising interest rates as it is very likely the next rate increase will be half a point, as opposed to a quarter of a point.

Overall, with spikes in demand for things consumers curtailed during the pandemic, the economy is strong. The Federal Reserve is trying to slow inflation with the hope that a recession is not looming.

This economy differs from any before in that this is truly a Re-opening economy. Will demand meet the rises in interest?

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