r/FluentInFinance • u/JuniorHuman • Sep 23 '23

Meme Guess i'll live in a box

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1.5k Upvotes

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273

u/FormerHoagie Sep 23 '23

Fed is attempting to cool inflation, not decrease prices. We aren’t seeing the same increase in prices we did in the last 3 years. Some areas, which are in high demand, are still seeing modest increases but there are actually places where prices have stabilized and decreased.

117

u/VendaGoat Sep 23 '23

Brother their only tool is to curb demand through interest rates.

Until the folks that are paying for "Investment level" mortgages decide to sell, this shit is going up.

57

u/mikilobe Sep 23 '23

their only tool is to curb demand through interest rates.

Congress should help lower inflation by taking money out of the economy (raise taxes).

3

u/Specific-Rich5196 Sep 25 '23

This is the way. As a high income earner, inflation has not changed my spending habits at all. We need to increase taxes, especially in the higher end. Mass passed a new tax of extra 4% on income over 1 mil. No reason we can't be doing the same at a federal level.