I think we all know they don't have inflation anywhere near controlled - but drop rates they will have to and pretend all is shmicko! Tenuous times - the spenders aren't the battlers - baby boomers generally are still flush with cash and a couple percentage points is earning them more on deposits anyway. Interest rates are targetting the wrong people - those who can't spend. 43% of homes paid for in full, boomers have cash - so lets say 25-30% are vulnerable.
Wrong people pay the price with this archaic monetary tool. If they keep the rates high = the boss will pay = up goes inflation again - what a joke!
