2022-08-16

• ☀️Daily Log:
  • Plan Singapore Trip - [[🥢Trip to Singapore]]
  • Monthly budget planning
  • #til2022 Fed Funds Rate
    • 🌐: https://upload.wikimedia.org/wikipedia/commons/a/ab/Inflation_compared_to_federal_funds_rate.jpg
    • 💁‍♂️: Federal Reserve Board can set the target interest rate for banks to borrow and lend money to each other
      • Higher rates -> more expensive to borrow money -> decrease spending/investment -> decrease asset prices -> fight inflation
      • Lower rates -> cheaper to borrow money -> increase spending/investment -> increase asset prices -> creates inflation
    • 🤔:
• Retrospective::
  • One week ago: [[August 9th, 2022]]
  • One month ago: [[July 16th, 2022]]
  • One quarter ago: [[May 16th, 2022]]
  • One year ago: [[August 16th, 2021]]