Are High Rates Crushing Main Street for Wall Street?

Economy: US inflation climbed to 2.7% in June, surpassing expectations and signaling that Donald Trump’s tariffs are hitting prices 

They give absolutely no evidence that tariffs are the cause of the rise in inflation. Could be the impact of continued high interest rates. Interest cost is a cost of goods made component. If a company pays high interest rate charges they pass that cost to the end buyer. Higher rates cause business to pay more tax.

Are High Rates Crushing Main Street for Wall Street?

Tariffs will cause a one time increase in inflation. Q4 will be worst. High interest rates have been causing higher costs for years. If you borrow to buy inventory you pass that cost to the end buyer. We had years of zero interest rates and low inflation. The Fed helps Wall Street and hurts everyday Americans. Powell panders to Wall Street. His policies are hurting small businesses which are the engine of the economy.

High interest rates are what Wall Street wants and gets. Higher interest rate have hurt everyday Americans and small businesses. Look at the debt burden on lower incomes. There is no pent up demand. Only a struggle to pay bills.