Skip to comments.Federal Reserve hikes key interest rate 0.75 percentage point, projects economic slowdown
Posted on 09/21/2022 11:53:10 AM PDT by ConservativeInPA
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.75 percentage point and signaled it plans to keep rates higher for longer as it tries to douse red-hot inflation.
The Fed's target interest rate is now in the range of 3% to 3.25%, the highest level in 14 years. The bank's rate-setting panel also projected that the Federal Funds rate would hit 4.4% by year-end, up sharply from a projection of 3.4% in June, and 4.6% in 2023, up from a previous estimate of 3.8%.
(Excerpt) Read more at cbsnews.com ...
he means faster slow down...
Build back better. If it hasn’t dawned on the Communists
by now, it soon will, what they have ushered in.
Probably going to blame White Supremacy.
I am a hammer, and I see a nail...
PROJECTS an economic slowdown that already started in nine months ago????
In 2018, Trump nominated Powell as chairman of the Federal Reserve.
They don't care. It's all a part of the Great Reset, i.e. World Communism.
It should have been a full percent
Should have 200 basis points at a minimum
You have to admit it is comical. They say there is no recession and then say they have to increase the interest rate to control hot inflation.
These people think the general public is downright moronic. They must be trying to reap the benefits of pouring all that lead in the atmosphere from leaded gas. 🤣
And....... the stock market is up. I should not trade at all.
Raising interest rates has no effect. Banks won’t lend at 4% when there’s 8% inflation, no matter what the federal reserve rate is. Chasing the mortgage rates upward is merely ceremonious.
The way to cool inflation is to stop the federal reserve’s asset purchases, which directly inflates asset prices. The problem is these assets have to be sold back which will deflate asset prices. Essentially, the government found a way to spend trillions of dollars in Keynesian spending without actually producing anything, but also without requiring legislative authorization.
Exactly. What really ticks me off is Powell never addresses the elephant in the room. The Fed can only affect monetary policy, but that alone does not fix the economy. Powell refuses to say that government spending has to be cut. He won’t say regulatory, energy and trade policies need to be changed. All this tells me is we are going to be on an inflation roller coaster like all of the 1970’s and early 80’s. We will have at least a decade of a terrible economy.
Leading from behind.
5%. Get the pain over with.
Terrible stuff. If I remember reagan era, the rule was that interest had to be higher than inflation to tame inflation. I don’t know if they meant fed rate or market rate.
Then our rates need to be about 17% right now.
Scream when the FED raises.
Scream when the FED lowers.
Scream when the FED sits tight.
As always, we got this covered.
Here’s what is really happening..
This is the ‘06 depression finally playing itself out.
Both FUBO and President Trump had the opportunity to bring us in for a soft landing...
Both failed to do so..
Now, we pay the price..
Put this directly into McCain and Bush laps, where it belongs.
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