Fed Signals Rate Hikes and Global Bond Meltdown While Baja Expats Sleep In
Federal Reserve Chair Jerome Powell has hinted at painful interest rate hikes to combat persistent inflation, while international bond markets violently react to mounting sovereign debt. Meanwhile, a retired accountant from Seattle living off three rental properties in Todos Santos looked at the news, shrugged, and decided to spend his morning haggling over the price of fresh mangoes. Truly, macroeconomic doom feels much less threatening when your biggest daily stress is avoiding loose cows on the highway.