This week the Fed announced an aggressive rate hike of 0.75 percent. As the buzz around interest rates, inflation, and a possible recession continues to grow, news outlets turned to Zonda’s Chief Economist, Ali Wolf, for insight and expertise.
“As the federal reserve is changing their policy they may accidentally push the economy into a recession,” she reported. “But in doing so they are trying to get the level of inflation back down to something more manageable and something more healthy.”
"As prices go up, the resulting impact for consumers is that their purchasing power goes down."
Ali Wolf, Chief Economist
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