Inflation (Economics) – Page 115

Is the Fed Braking Too Hard?

It may be raising interest rates too far, too fast.

As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock.

Inflation-corrected prices may end up substantially lower as factors driving high home prices weaken with time.

The Bank of England had to step in Wednesday after markets deemed a new government economic plan as unwise, but the pound has been on a longer slide.

The purchases will be carried out “on whatever scale is necessary,” the central bank said.