{"id":2372,"date":"2023-05-11T18:52:49","date_gmt":"2023-05-11T16:52:49","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=2372"},"modified":"2023-05-11T18:52:49","modified_gmt":"2023-05-11T16:52:49","slug":"current-fed-hiking-cycle-most-severe-in-35-years","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=2372","title":{"rendered":"Current Fed hiking cycle most severe in 35 years"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">The current period of monetary tightening by the US Federal Reserve is not only the fastest, but also the most severe ever, according to a graphic by Visual Capitalist.<\/p>\n<p>Such aggressive rate hikes have already led to the bankruptcies of Silvergate Bank, Silicon Valley Bank and Signature Bank in March, as well as First Republic in late April.<\/p>\n<p>Yet although inflation is cooling, it is still above the Fed&#8217;s target of 2%.<\/p>\n<p>Moreover, US economic growth has slowed considerably, with the central bank predicting in March the beginning of a &#8220;mild recession&#8221; later in 2023.<\/p>\n<p>The Fed&#8217;s latest statement said it would &#8220;determine the extent to which additional policy firming may be appropriate,&#8221; giving a chance for a possible pause in future interest rate hikes.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The current period of monetary tightening by the US Federal Reserve is not only the fastest, but also the most severe ever, according to a graphic by Visual Capitalist. Such aggressive rate hikes have already led to the bankruptcies of Silvergate Bank, Silicon Valley Bank and Signature Bank in March, as well as First Republic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-2372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/2372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2372"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/2372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/2373"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}