Economists: Fed Rate Hikes Aimed at Appeasing Wall Street Rather Than Controlling Inflation
Source：
www.coindesk.com
Wellington-Altus Market Strategist James Thorne believes that the Federal Reserve's primary intent behind the interest rate hike is to placate Wall Street. Given that current inflation has not worsened and rate hikes cannot address supply-side issues, this move is more driven by financial market expectations.
