UMich confidence drops as the rate hikes take effect. The people are starting to feel the rate hikes, businesses are starting to feel it, the Fed will be blamed. Credit card delinquencies shoot up. Realtors urge the Fed to slow the rate of interest rate increases. Mortgage financing down to an 18 month low. Trump wants the Fed to lower rates. Q drops a post letting everyone know that this is not about saving the Fed economy its about putting the people back in power.
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