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 “Consumer credit card interest rates reached 22.8% by December 2023, up from 16.…” good evidence for the claim?

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the evidence

Consumer credit card interest rates reached 22.8% by December 2023, up from 16.3% in January 2022.

Elevated borrowing costs reduced consumer spending capacity, decreasing aggregate demand pressure on prices.

◎ 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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