The Fed is hiking rates and the Kennedy Center is hitting the lights
It feels like someone at the top is just smashing buttons on the console of American life today.
So, the Federal Reserve decided that money has been too cheap for way too long. They are cranking up interest rates for the first time in three years, presumably to remind everyone that borrowing isn't a free lunch. Your bank account is about to get a lot more interesting.
Meanwhile, the board at the Kennedy Center apparently decided they’ve had enough of the arts for a while and voted to shut the whole place down. It is not every day that a national cultural landmark just decides to flip the 'off' switch on its own legacy.
Economic tightening usually comes with a bit of belt-tightening, but closing an entire monument to culture is a bold way to set the mood for a recession.
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