Economist: Immigration-fueled GDP growth about to end
The Fed raised the funds rate from near 0% to its current level of 5.3% in an extremely short period of time. One relatively simple explanation that has not received much attention is that GDP growth has been stimulated by the influx of illegal immigrants from Mexico. The Federal Reserve raised the funds rate from near 0% in March 2022 to its current level of 5.3%…
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