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Macrovoices From Turku: 4.Fed: Ready to Sacrifice
– Inderes
Last week the central bank of the United States; the Federal Reserve System (Fed), expectedly delivered the third consecutive 75 basis points hike to the target rate. This was the fifth increase in total this year, and the message is clear: Fed is not hitting the brakes. In order to tame the inflation, sacrifices have to be made.
Contents:
00:00 Introduction
00:20 Marianne
00:51 Isa
01:11 Fed- not hitting breaks
02:22 Too late on the ball?
03:15 Employment rate + wage pressure in the US
04:39 The sacrifices ahead