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Jun 14, 2022
- US May inflation, 8.6%. Federal Reserve announced rates last night and surely it was 0.75% for the first time in 28 years?
- Either we have continued high inflation or a recession, maybe even both?
- Time for a Paul Volcker and do a 1% raise?
- It's ugly, Nasdaq and S&P500 both closed at lows for 2022 and are both are now in a bear market. S&P500 draw down at close 13Jun22
- And failing a real test or liquidity and exchanges halt withdrawals.