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uhsguy · 1337 days ago · link · · parent · post: Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation
Looks like you need to buy a new/bigger house because built in adjustments in those contracts increase your wage a nominal 2.5- 3% a years. With the interest rate at 3 you basically aren’t paying anything in interest it’s free money. You have an upside risk if rates ever hit 5%+ but I’m pretty sure the us government will not be able to survive rates above 6 without some sort of massive printing and inflation.