Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates
Cointelegraph
Published May 24, 2022 05:24PM ET
Updated May 24, 2022 07:00PM ET
As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the United States Federal Reserve after the central bank was slow to respond to rising inflation early on.
Financial markets are currently experiencing their worst stretch of losses in recent history, and it doesn’t appear that there is any relief in sight. May 24 saw the tech-heavy Nasdaq fall another 2%, while Snap (NYSE:SNAP), a popular social media company, shed 43.1% of its market cap in trading on May 23.
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Written By: Cointelegraph
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