Surprising Stability Nearly a year ago, the Federal Reserve raised its benchmark interest rate to its current level of 5.25% – 5.5%, the highest it’s been in multiple decades. This move was widely anticipated to stifle inflation by slowing the economy. However, the U.S. weathered those rates surprisingly well, and now economists have a pretty…Read more
SoFi Hong Kong Blog
Driving Prices Higher: Housing and… Auto Insurance? Who’s to blame for inflation? We can all see prices increasing on everything from housing to cars to groceries – and more. But not all goods and services are created equal when it comes to inflation. And though there may not be one person who’s responsible, there are…Read more
The Higher the Better? A recent debate that has surfaced is the idea of higher interest rates actually being stimulative for the economy, rather than the conventional theory of them restricting economic activity. Like many debates over macro and market drivers, this one isn’t cut-and-dry, but we dug deeper to try to suss out any…Read more