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 ...
There goes the real estate market.
And stocks.
Why did the major markets decline on this news when it is exactly what was expected?
For the average Joe, yes.
Not for Big Money. They'll move right in. It'll be Pottersville.
A mere pin prick............................
I mean, just a few months ago their treasury secretary Janet Yellen said inflation was no worry, just transitory. Now it's a crisis of historical proportions. These folks really are totally and completely inept. Lesson here; don't believe anything from Brandon and his group of idiots.
At slightly after 2pm, market indexes struggling to stay at fractions above negative.
At a press conference on August 12th, 1986, US President Ronald Reagan said, “The nine most terrifying words in the English language are ‘I’m from the government and I’m here to help.’”
...and promptly squashed the dead-cat bounce in the markets today.
Some market analsysts this morning were interpreting a 75 basis point rise as a positive move the markets would like - positive in the one sense that the Fed was getting serious about inflation, which a mere 25 or 50 basis point rise would not be.
30,517.78
▲ 152.95 (0.50%)
June 15, 2:18 PM EDT · Market Open
Mr Ramsbotham 2022
They’re not declining. Not yet.
pension plans buying houses for cash, to rent out. Part of the Great reset.
I saw the SPY jump to over +5 and now it is under +2 about to go under +1.
tsla hanging in there for the moment
Did you hear his ridiculous speech to AFL-CIO yesterday? So much BS boots are needed to Wade through it.
Speech: Joe Biden Addresses the AFL-CIO Constitutional Convention in Philadelphia - June 14, 2022
Do we need to bring back the old “Whip Inflation Now!” buttons?
Too little, too late.
Farmer Brown closed his barn door in an historic attempt to keep the runaway horses from running away.
They had dropped moments before I posted, but seem to be recovering now.
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