Evidence for: The Federal Reserve raised the federal funds rate 11 times between March 2022 and July 2023.

0 · asserted by ◎ stannebraska (329) · 7 months ago

The vote is on the link: is “Mortgage rates increased from 3.2% in January 2022 to 7.8% by October 2023.” good evidence for the claim?

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the evidence

Mortgage rates increased from 3.2% in January 2022 to 7.8% by October 2023.

Higher Fed rates transmitted to consumer borrowing costs, reducing demand for housing and cooling price growth in the real estate sector.

◎ stannebraska (329) · 7 months ago
the claim

The Federal Reserve raised the federal funds rate 11 times between March 2022 and July 2023.

The Fed implemented aggressive rate increases totaling 525 basis points in 16 months, the fastest tightening cycle since the 1980s, directly targeting inflation reduction.

◎ stannebraska (329) · 7 months ago

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