Usually the FED raises rates because the economy is strong and overheating.
This time that's not the case.
This time it's because inflation is out of control.
We haven't seen this scenario in modern times.
It's been over 40 years since we've had inflation like this.
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Bringing in new monetary systems. Usually every 40-50 years. Last was when we separated the dollar from gold. 1971
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40 years ago, the interest rate on Savings/CD/ Fixed Deposit was 24% in the U.S.
I live in Columbus, OH and inflation is not out of control in the test market of America. The price of bread the same. The price of milk the same. Just bought a ridiculous printer that does everything an office printer does for a low low price my parents would dream of, gas 2.89
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what do you think happens to OTC if the market start declining ? It follows it usual ?