The FOMC warned us about rising credit card and auto credit delinquency rates, particularly among subprime borrowers while the upper class is still spending. That combined with a tight and strong labor market causes inflation to be non-responsive to rate hikes.
联邦公开市场委员会警告我们，信用卡和汽车信贷拖欠率上升，特别是在上层阶级仍在消费的次级借款人中。再加上劳动力市场紧张而强劲，导致通胀对加息反应迟钝。