The Fed is again raising the interest rates as it once again tries to bring the runaway inflation to a manageable level. For months now we have heard that the inflation was nothing more than transitory, even when the key factors that determine such things told a different story. Now, with the road of excuses and whitewashing coming to an abrupt end, the world is going to have to face the facts: The economic pain has just begun.
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source:
https://www.msn.com/en-us/money/markets/federal-reserve-warns-of-pain-ahead-as-inflation-surges/ar-AA123Z5j?ocid=msedgntp&cvid=857bf496a6574834b1b5e81c5a961f8d