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US interest rates raised for first time in three years

121 points · 126 comments · higginsniggins

  1. aurareturn · · focus · HN ↗
    This administration wants lower rates. Also this administration does everything it can to increase inflation such as tariffs and starting another endless war in the middle east.
    1. DarkmSparks · · focus · HN ↗
      The administrations choices are fairly binary now.

      Inflate away the $40Trillion+ debt they can never pay back

      Or

      Hard default on the debt, and be the one holding the hot potato as the union breaks up.

      Fed is trying to thread the needle between the two and keep the music playing as long as possible.

      1. vkou · · focus · HN ↗
        You're missing choice #3 - spend more money on stupid shit, cut taxes some more, pile on more debt, blame Obama Hussein Hunter Biden for the debt as the opening salvo of the third-term run in 2028.
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