The Pomp Letter
The Pomp Letter
The Fed Has Destroyed $2.3 Trillion In Home Value
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The Fed Has Destroyed $2.3 Trillion In Home Value

1

To investors,

The Federal Reserve raised interest rates by 0.25% at the start of February. This was a relatively small interest rate hike compared to the previous 0.50% - 0.75% increases that the central bank had been using to combat inflation.

This slow down in rate hikes was driven by various economic data points suggesting the Fed was winning in their …

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