Another rate hike

Greg Groogan begins the topic of inflation and the latest rate increase: "The "Fed" says this calculated "pain" - impacting Americans of all income levels - is necessary to control inflatiom. This "financial therapy" is designed to leave Americans with less disposable income.....so they simply buy fewer products...reducing demand....and eventually lowering prices. Bottom line - just about "everyone" is paying more in interest on their outstanding debt.....and panel....we are told the Fed likely has more agony to inflict. "