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Fed announces three quarters percentage-point rate hike to control inflation
Washington Compost ^ | June 15, 2022 | Rachel Seigel

Posted on 06/15/2022 11:12:30 AM PDT by ConservativeInPA

The Federal Reserve on Wednesday hiked interest rates by three quarters of a percentage point, its most aggressive move yet to try to control inflation, as it squeezes the U.S. economy.

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


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 3; fed; fedrate; interestrate
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To: dfwgator

The people who are going to “fix it” are the ones breaking it now.


Not likely. There’ll be hell to pay and they’ll be the first targets.


21 posted on 06/15/2022 12:34:33 PM PDT by nesnah (Infringe - act so as to limit or undermine [something]; encroach on)
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To: nesnah

“Things are going to get VERY interesting.

Plus, debt servicing for the Treasury just went through the roof.”

Many people thought the bankers were bluffing because of the large national debt.....apparently they weren’t bluffing.

Every 1/4 percent interest rate hike adds about 75 billion to 90 billion in debt servicing.

I’m not worried, the debt will be serviced, but hopefully some budget responsibility is carried forward.

The Federal government doesn’t need a surplus but receipts & outlays should be in the ballpark.


22 posted on 06/15/2022 12:36:56 PM PDT by unclebankster (Globalism is the last refuge of a scoundrel)
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To: unclebankster

“hopefully some budget responsibility is carried forward”

Not on this planet—or at least not in this timeline.

.Gov is gonna party til they collapse in a heap.


23 posted on 06/15/2022 12:40:15 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: nesnah

“I’m convinced at this point, considering the high number of wimps, dopes, and crooks infesting Congress, that a total crash of the system will be our best hope of trying to fix it.”

I’ll second this position.

A congress full of zoo animals would be an improvement.


24 posted on 06/15/2022 12:41:20 PM PDT by unclebankster (Globalism is the last refuge of a scoundrel)
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To: ConservativeInPA

> to control inflation

Why? Isn’t it just transitory?


25 posted on 06/15/2022 1:02:44 PM PDT by ArcadeQuarters (Remember the 2020 backstabbers. No more RINOs ever!)
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To: nesnah

I tend to think the same way. But we must prevent the same types from gaining control again.

We have the blueprint to rebuild: The Constitution.


26 posted on 06/15/2022 1:03:34 PM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: ConservativeInPA; All

Yup. Shoulda unplugged the Treasury printing presses a few years ago and CUT spending. Paralyzing the economy with a two year lockdown was just plain stupid. Flus come and go.


27 posted on 06/15/2022 1:28:09 PM PDT by Cobra64 (Common sense isn’t common anymore.)
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To: Mr Ramsbotham
The thing of it is that a large part of this inflation isn't related to monetary policy, but energy policy. The relative availability of energy can, by my way of thinking, mimic the monetary kind, since the cost of everything is related to the price of energy. <<<<<<<<<<<<<

BINGO!!!......energy has to be produced!.....Fiat money can be printed....

Thats why the founding Fathers picked gold and silver...

Allen Greenspan understood this in 1967 ...
http://www.math.snu.ac.kr/~hichoi/finmath/AlanGreenspan-GoldEconomicFreedom.pdf

28 posted on 06/15/2022 6:30:37 PM PDT by M-cubed (The MSM is now the 4th Branch of Government.....)
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To: M-cubed
The thing of it is that a large part of this inflation isn't related to monetary policy, but energy policy.

I disagree. Shipping costs are important but not that important. Reckless monetary policy by the Democrats are to blame for inflation. Don't let them off the hook. They own this.

29 posted on 06/15/2022 6:41:13 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: nesnah

It’s Thursday and the DOW is down 800 right now.


30 posted on 06/16/2022 8:11:12 AM PDT by laplata (They want each crisis to take the greatest toll possible.)
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