The Federal Reserve raised its key rate of interest one other quarter of a proportion level Wednesday in its ongoing effort to convey inflation down. The rise is the tenth straight interest-rate hike since final March in what has been probably the most aggressive rate-hiking marketing campaign because the Nineteen Eighties. The hikes are amongst elements being blamed for the most important banking sector meltdown because the 2008 monetary disaster. Nancy Cordes has extra particulars from the White Home.
#information #federalreserve #interestrates
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housing prices haven’t really got cheaper, they kind of just plateaued… with a higher interest rate ..
Powell needs to be fired
Oh sure, and its not their fault anymore than September 11 when Americans mass murdered Americans were the 125 planners fault! Middle East had nothing to do with it.
Thanks Biden!
Every time the Fed raises the interest rate it is in attack on the working class. If you want to control inflation, you must control the prices, and this country rich corrupt capitalist decide what the prices are. Every time the government prints more money, they know there’s more money out there, so they raise prices. It’s time for some serious regulation, antitrust, action, and price controls.
Conservative, Richard Nixon did it, conservative Joe Biden can too.
The Federal Reserves and the Supreme Court both operate without oversight or ethics, billionaires own both institutions. $$$
All this did is raise the interest rate down my loan now puts me into trouble I know He doesn't care and neither does Joe. But I wonder what their paychecks are like when you're living ourselves a security these are the people that we voted in it will never happen again I will not vote for I will vote for Donald Trump 1st And I am a Democrat.
Inflation is a direct result of CORPORATE WEALTH CONCENTRATION. There are no counterforces, price controls, progressive taxation, competition, nothing. The largest corporations are JACKING PRICES because they can, for GREED pure and simple. GREEDFLATION.
The FED has no choice but raise the rates. The US spending is raising the deficit & until they stop spending inflation arent coming down. Its gonna get worse if the government doesnt stop spending.
Powell always made wrong decisions. I still remember that Powell said the inflation only 2% while the market went crazy. Powell is a good book rule follower, but he sucks to do financial analysis for the real financial world. 😮💨
This is getting ugly people i can smell something fishy 🤔🤔🤔
America was doing great 2 years ago
How many banks can big banks and FDIC save?
You have to match inflation for it to actually do anything. Basic economics. You can just go into a war like always to defeat recessions/depressions like we usually do
If the debt ceiling is raised then interest rate hike is useless, isn’t it?
Rates are still much too low for 15% inflation. Frito lay potato chips tell you all you need to know about inflation.
maybe its a all the sanctions and BRICS activities and other nations switching from dollars? or its something else?
inflation did not go down to 5 percent. what a big lie. its more than 9 percent. talk about misleading ppl . and not all inflation categories are same number.
we been in recession for the past 1 year for those are still in denial lol
when they report with too many smiles, you better take your money and run lol
i thought ppl figured out this scam long time ago lol
Feel the burn of personal accountability and personal responsibility.
New York and Chicago just told the Federal government they intend to spend $52 thousand per illegal to house them for the rest of 2023, that doesn't include food, medical care, schooling and transportation. The average salary in the USA is $53 thousand. Should we really raise the debt ceiling again, or face the tough problem now?
TARA READE. TARA READE. TARA READE. TARA READE. TARA READE TARA READE
CBS WHERE IS THIS REPORT?
Disclaimer: I work in the media. I have yet to see a single story anywhere on the effect of these rate hikes on the cost of servicing the surely unsustainable level of US debt. What I have gleaned so far is that about a year ago the cost of servicing – so the interest payments – amounted to some $600 billion. That's annually….. Data from late January if I recall correctly suggested the QUARTERLY figure is heading for $250 billion. That would mean the rate hikes – which have failed, naturally enough as they increase the cost of living for all those in debt – have added some $400 billion to a year's debt servicing. This makes no financial sense at all to me. Not bothering to report it makes little journalistic sense either in my humble view.