"Raising interest rates for the third time right before Christmas, they clearly don't want people to have a good holiday."
Lu Liang changed into shorts and pajamas, entered the study, and recorded the future information he had just heard at dawn.
"December 23rd, the Federal Reserve conducted its eighth cycle of interest rate hikes, raising from 1.25% to 1.50%."
Since the millennium, the Federal Reserve had executed three cycles of rate cuts and two cycles of rate hikes.
Currently, during a cycle of rate hikes, including the previous two, this round was the third hike.
"Is this to cooperate with businessmen or a welcoming gift for them?"
Lu Liang pondered, the Fed's interest rate hikes meant that the interest on deposits had increased.
This would reduce the supply of US Dollar funds in the market, expected interest rates and returns would rise, and some of the transboundary flowing funds would flow back.
