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Rate increases didn’t start until 2022. I was with a startup in the mortgage industry and got to experience that company’s first layoff followed by a layoff at
by wombatpm 1y ago
Rate increases didn’t start until 2022. I was with a startup in the mortgage industry and got to experience that company’s first layoff followed by a layoff at a different startup 10 months later because raising another round of capital was seen as impossible.
First action by the Federal Reserve
March 16, 2022: Increased to 0.25%–0.50%
- etaioinshrdlu 1y agoIn the chart in the article: https://pivot-to-ai.com/wp-content/uploads/2025/05/zirp-2005-2025-page.webp https://pivot-to-ai.com/wp-content/uploads/2025/05/zirp-2005... You can clearly see non-zero interest rates from 2016 to 2020...
- wombatpm 1y agoVery slow increase to around 2 in an attempt to end QE, dipping to 1.5 before falling off a cliff with COVID. Compare to rates going back to 2000