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US interest rates raised for first time in three years

121 points · 126 comments · higginsniggins

  1. blahblaher · · focus · HN ↗
    This wont do absolutely nothing whatsoever to bring down inflation. Interest rates don't open the Straight of Hormuz, don't increase production of oil or any other commodities. the only way interest rates affect anything is when they meaningfully decrease investment, consumption, in other words a recession or depression.
    1. beej71 · · focus · HN ↗
      Don't the latter things you mentioned bring down inflation?
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