“’You don’t replace a bridge overnight,’ John Schmeiser, chief operating officer of the North American Equipment Dealers Association said. ‘This is something that takes months, if not years, to replace and to build.’”
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It seems like a contradiction: How would increasing the cost of monthly credit payments help to bring down the price of goods and services in the economy?
It seems like a contradiction: How would increasing the cost of monthly credit payments help to bring down the price of goods and services in the economy?
U.S. inflation has fallen for 12 months. But there are still red flags in the economy. That means the Federal Reserve is going to raise interest rates again.