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Fed hikes rates as inflation worries push up bond yields

184 points · 250 comments · wslh

  1. dabinat · · focus · HN ↗
    Prediction: this causes a recession in two years, right after a Democrat wins the White House, who will be blamed for it. The economy will turn around after a few years, just in time for a Republican to win and claim they fixed it.

    This is how Republicans have a reputation for being economically savvy despite actual evidence to the contrary, because the general population doesn’t understand that economics runs on a time delay.

    1. impure · · focus · HN ↗
      Wouldn’t surprise me if it was a lot sooner given skyrocketing fuel costs, high bond yields, and unsustainable AI spending.
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