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Fed raises interest rates by 75-basis points in historic move to fight inflation
Foxbusiness.Com ^ | June 15, 2022 | Megan Henney

Posted on 06/15/2022 11:09:29 AM PDT by rdl6989

The Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points for the first time in nearly three decades as policymakers intensify their fight to cool red-hot inflation, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Front Page News
KEYWORDS: 1; anwr; bidenflation; fedrate; interest; keystonexl; opec; recession
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To: rdl6989

If we had inflation because the economy was hot this might work, but that’s not why we have inflation. We have stagflation. Different animal.


21 posted on 06/15/2022 11:50:55 AM PDT by neverevergiveup
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To: rdl6989

Good. There needs to be about 4 or 5 more of them. Inflation is theft.


22 posted on 06/15/2022 11:52:33 AM PDT by glorgau
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To: Eleutheria5
Only in the California barn.

-PJ

23 posted on 06/15/2022 11:56:11 AM PDT by Political Junkie Too ( * LAAP = Left-wing Activist Agitprop Press (formerly known as the MSM))
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To: Red Badger

...just a little pin prick.

There’ll be no more AAAAGGGGGGHHHH

Though you may feel a little sick...


24 posted on 06/15/2022 11:56:26 AM PDT by HKMk23 (https://youtu.be/LTseTg48568)
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To: 1Old Pro

Lesson here: STOP ELECTING DEMOCRATS. The electorate has to learn this lesson over and over again.

And, yes, I fully believe the election was stolen, so we didn’t really get a say.


25 posted on 06/15/2022 11:58:24 AM PDT by Rastus
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To: neverevergiveup

Agreed


26 posted on 06/15/2022 12:07:42 PM PDT by rdl6989 ( )
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To: Rusty0604

let’s face it, Brandon is not doing well. Our economic crisis is a reflection of that.


27 posted on 06/15/2022 12:15:58 PM PDT by 1Old Pro
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To: G Larry

Markets are irrational.


28 posted on 06/15/2022 12:18:54 PM PDT by ForbesFan
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To: rdl6989

right now, stuff mainly costs more NOT because there’s too much money (there is, but the CryptoTulip crash is taking care of THAT excess), but because energy is the primary input into everything that makes up modern living, including resource extraction, resource refining, manufacturing, transportation, farming, fertilizer and agricultural chemicals, food preservation, medical care, communications and telecommunications, computing, internet, online commerce, construction and construction materials, clothing, and heating and cooling ...

dementia joe’s energy policies have been DELIBERATELY designed to curtail domestic energy production, driving energy prices through the roof, thus making EVERYTHING cost more ....

monetary policy can NOT fix the energy shortage, and thus is the wrong remedy for the wrong problem, and the Fed is fighting the previous inflation war ... however, raising interest rates WILL crash the economy, which is exactly what is going to happen now ...

[btw, even a well-meaning moron will make the correct decision 50% of the time simply by flipping a coin, but since dementia joe and his minions are nearly 100% wrong all the time, it HAS to be deliberate!]


29 posted on 06/15/2022 12:32:05 PM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: Red Badger

“I have become comfortably numb”...

That came to mind right away-seems appropriate for something this FUBAR...


30 posted on 06/15/2022 12:36:37 PM PDT by Texan5 ("You've got to saddle up your boys, you've got to draw a hard line"...)
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To: G Larry

Buy on the rumor, sell on the fact...par for the course.


31 posted on 06/15/2022 12:37:41 PM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: rdl6989

End the boomeranging suicide sanctions and ensure the free flow of fuel, fertilizer, and food.

Supplies will increase.

Prices will decrease.


32 posted on 06/15/2022 12:40:00 PM PDT by Arcadian Empire (The Baric-Daszak-Fauci spike protein, by itself, is deadly.)
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To: catnipman

Good points.


33 posted on 06/15/2022 12:40:50 PM PDT by Arcadian Empire (The Baric-Daszak-Fauci spike protein, by itself, is deadly.)
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To: rdl6989

Like p*ssin in the wind......


34 posted on 06/15/2022 1:21:54 PM PDT by wardamneagle
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To: rdl6989

On the positive side, if they keep going perhaps CDs will be a worthwhile investment again.


35 posted on 06/15/2022 3:02:54 PM PDT by Observator
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To: FreeReign

“Not for Big Money. They’ll move right in. It’ll be Pottersville.”

Correct, BlackRock et al have been buying 20-30% of homes anyway and with cash. All this does is drive the housing market out of the hands of consumers Ito the hands of banks. Your hood is about to become a rental hood.


36 posted on 06/15/2022 3:20:29 PM PDT by devane617 (RUN FOR LOCAL ELECTED OFFICE! COUNCIL,SCHOOL BOARD, ETC.)
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To: rdl6989

Yeah! Higher prices for all!
Stocks were up today on the news.
What will happen in the coming months? The FED will raise rates again in July by how much?


37 posted on 06/15/2022 3:20:31 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: rdl6989; neverevergiveup

We had stagflation when Paul Volcker used the same policy.


38 posted on 06/15/2022 3:29:47 PM PDT by Pelham (World War III is entering on cat's feet. )
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To: rdl6989

And bond mutual funds as they try to adjust.


39 posted on 06/15/2022 3:53:55 PM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: Rastus
I whole heartedly agree with your comment.

(If this is a repeat, I apologize. It hadn't shown up when I went back to the article.)

40 posted on 06/15/2022 4:03:53 PM PDT by Kalam (The Qonjurer)
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