Fed Tightening Is Having More Impact Than You Might Think - Barron's

It could have helped grease the skids for cryptocurrencies and FTX. A proxy federal-funds rate calculated by the San Francisco Fed puts the key policy rate at 6.34%, versus the current nominal target range of 3.75%-4%.
Weve learned a lot about the transmission of disease in the past few years. Ideas, good and bad, are spread similarly. Robert Shiller, the Yale University Nobel laureate, wrote in Irrational Exubera… [+427 chars] Read More