The Fed Doves Are Becoming More Outspoken
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Angry BritsThe Bank of England voted 7 to 2 on Thursday to raise its key interest rates by 0.5% to 5%. This was a surprise hike and appeared to be an act of desperation to fight Britain’s hideous inflation, which is running at an 8.7% annual pace. There are a lot of variable mortgages in Britain, so the Bank of England’s rate hike is extremely unpopular. Prime Minister Rishi Sunak’s government is already helping homeowners that cannot pay their electricity bills, but may now have to add mortgage paym...