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75 bps hikes are unprecedented in the last 40 years, since Volcker, and they are happening every month right now. By historical measures, I'd consider it franti
by throwaway_4ever 4y ago
75 bps hikes are unprecedented in the last 40 years, since Volcker, and they are happening every month right now. By historical measures, I'd consider it frantic compared to most of history being long periods of unchanging rates.
Look at the gradient of the recent hikes: https://www.macrotrends.net/2015/fed-funds-rate-historical-chart https://www.macrotrends.net/2015/fed-funds-rate-historical-c...
- slaw 4y agoKeeping interest rates 7% points below inflation is unprecedented in all history, by historical measures, I'd consider hikes are 2 years too late and tiny.