In today's deep dive, we explore the mounting concerns in the global financial climate - from tightening credit conditions and rising inflation in the US to critical central bank decisions worldwide. We begin with the Federal Reserve's warning on tighter credit conditions potentially slowing US growth and the growing consensus among Fed officials that interest rates may need to rise to combat inflation. What does this mean for your pocket? The financial pressure is also showing in the auto industry. American drivers are sinking deeper into debt as inflation pushes car loans to record highs. With inventory shortages continuing, consumers are shifting back to used vehicles. The housing industry is not left out of the tumult. We examine the rising demand for affordable housing and the potential solutions on the horizon.
#financialcrisis #inflation #interestrates #globaleconomy #centralbanks #usfed #autoloans #housingmarket
TOPICS AND TIMESTAMPS:
Fed Gets Tight 0:00
Outrageous Debt 8:13
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#money #inflation #investing
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