3 ms·
During the same time the Fed repeatedly suggested that the interest hike would come soon, yet none of these companies prepared for that at all.
by netheril96 4y ago
During the same time the Fed repeatedly suggested that the interest hike would come soon, yet none of these companies prepared for that at all.
- creakingstairs 4y agoI do agree with you that those companies should have prepared for the hike but I also remember Powell saying “inflation is transitory” :p
- nkozyra 4y agoWell, inflation is demonstrably transitory. But the impact to these companies is, in general, less about inflation and more about free money.
- BurningFrog 4y agoIf you can find a quote for that, I'd be surprised. As I remember it, the Fed kept saying things were fine until faced with at a hard, cold 8.5% inflation rate.