The Fed finally wakes up while gas prices make everyone else lose it
It has been three years of waiting, but the Federal Reserve just hit the big red button on interest rates.
After a three-year nap, the Federal Reserve decided it was finally time to hike interest rates. Apparently, waiting until the absolute last second to address inflation is the new strategy.
Meanwhile, the rest of the world is busy losing their minds at the gas pump. People are literally taking to the streets to protest prices that make a tank of fuel feel like a luxury car payment. It is a global mood, and it is not a happy one.
To top it off, Justin Trudeau headed over to the European Parliament to talk shop. Everyone seems to be in a frantic meeting, but the gas pumps are still charging like it is 2099.
Central banks are playing catch-up while the world runs on empty.
It is definitely the perfect time for the cost of borrowing to go up.
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