bitcoinforthepeople on Nostr: So, the fed has been raising interest rates for some time now hoping to break the ...

So, the fed has been raising interest rates for some time now hoping to break the labor market and increase unemployment, crushing demand and bringing down cpi. Instead, with the collapse of Silicon Valley Bank, which may be a sign they have broken the banking system...

Prediction: the fed pivots at the next meeting and declares victory over inflation, which will likely still be rising...

Basically; "Oops, we broke the wrong thing! We tried to screw middle America, but we screwed everybody."