UN criticizes Fed rate hikes amid recession worries

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#UN #federalreserve #yahoofinance
In a new report, the United Nations criticized the Fed and other central banks for hiking rates amid fears of a possible recession and how it could impact developing countries.
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UN bureaucrats are long the market and tired of seeing their stocks getting drilled by JPow. Simple as that.

nathansmith
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They want continued free money pipeline.

herrwahnsinn
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Inflation is very high now. Got to raise rate. Foreign countries should be happy coz they will have more export sale to US.

patricks
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They want price caps instead, funded by taxing the energy companies.

mandywinter
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inflation will hurt them worse. the supply side will take time to moderate but to allow inflation to stay high in the meantime is unacceptable. inflation means every day your purchasing power gets weaker.

spectrallines
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Lots of crying over normalizing rates, something that should have been done by 2015 like the Fed promised. We're having a tough time, and suffering from a real estate bubble because of Bernanke. It's time savers get a decent interest rate for being responsible and the irresponsible people that are loaded with debt to go belly up.

arodriguez
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Translation: The UN wants inflation high in the US to prop up the currency in other countries, particularly the Chinese Yuan.

daviddearmond