Rate hikes are stimulus checks for the rich.
"High-income households...also receive more interest and investment income during periods of higher interest rates, all providing a stimulus for sustained levels of spending." https://www.federalreserve.gov/econres/notes/feds-notes/a-better-way-of-understanding-the-u-s-consumer-decomposing-retail-spending-by-household-income-20241011.html
"High-income households...also receive more interest and investment income during periods of higher interest rates, all providing a stimulus for sustained levels of spending." https://www.federalreserve.gov/econres/notes/feds-notes/a-better-way-of-understanding-the-u-s-consumer-decomposing-retail-spending-by-household-income-20241011.html
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Odd to ask during Trump times...
Let's #Resist,
get rid of Rs + #GQP insane, cruel, grifting, greedy sociopaths.
🙏💙⛅💕