The only way the FED Reserve can tackle inflation is to raise the interest rate to match the inflation rate....
Inflation is realistically, at 20%.......... Raise the interest rate to 20%.
Allow a guy with a few $$$ in the bank to at lease break even at the end of the year..... 20 / 20
Read it and weep:
So much for hopes that the Federal Reserve will tap the brakes on its aggressive interest rate hikes. Stocks tumbled Monday morning as investors once again began to worry that the central bank will raise rates by three-quarters of a point next month.
www.cnn.com