The Fed's radical interest rate hikes led to a decrease of US $ 6.1 trillion in net assets of US families in the second quarter

On May 31, 2022 local time, the three major indexes of US stocks closed collectively on the day.(Data map)

Overseas Network, September 10th. According to Bloomberg reported on the 10th, the radical rate hike strategy adopted by the Federal Reserve to suppress the rapid inflation caused the US stock market to plummet in the second quarter, and US household net assets have a biggest decline since the record.

A report released by the Federal Reserve on the 9th shows that in the first quarter, after a decrease of about 147 billion US dollars (about RMB 1018.2 billion) in the first quarter, US net assets in the second quarter decreased by 6.1 trillion US dollars (about RMB 42.3 trillion yuan), Decreased by 4.1%.The continuous decline has reduced the total net assets of American households to US $ 14.38 trillion (about RMB 99.803 trillion), the lowest level in the past year.

With the deterioration of inflation, the prices of gasoline soared to a record high, and the largest major interest rate hike policy in the history of the Fed in the history of the Federal Reserve, the US public's concerns about the decline of economic decline increased during the second quarter.This led to the Standard 500 index fell more than 16%in the second quarter.(Overseas Network Hou Xingchuan)

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