New Overnight Developments Abroad - Daily Update
Federal Reserve Tightening Imposing Strain on Global Economy
October 11, 2022
When Federal Reserve officials began to raise interest rates in mid-March of this year, they were already far behind the eight ball, especially since tightening began from an historically low federal funds target of zero to 0.25%. By the time of that belated reaction, U.S. inflation was at 7.9% and 6.3% measured by the consumer […] More
