The Fed meets today to consider raising interest rates. Louise Story, finance reporter for The New York Times, helps us forecast the possible results if and when the Fed does change rates.
Considering that the only ones who are benefiting from the low intest rates are the banks (yep, the same ones that got gazillions of our money interest free and that lend it back to us at 6% or higher), who cares? I mean, either way, we the serfs are screwed, high interest, low interest, no interest, it's all the same to us.
This interview was ridiculous. Louise Story sounded like a ditsy 16 year old. She clearly has no idea what she's talking about. How can a business reporter make the ludicrous claim that the inflation numbers don't include energy prices.
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