The Fed raised interest rates to cool the economy.

Stone Harbor - The Fed raised interest rates to cool the economy. With unemployment under 4%, median incomes up and thus consumer spending up, combined with supply shortage issues and Trumps tarrifs, prices have risen and some price gouging hasn't helped. The higher inflation rate caused the fed to raise rates due to a strong economy. Its effects have begun to take hold. Predictions have rate cuts next year and there very well may be jobs losses. Then the President will be labeled as a job killer with a declining economy.