Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Federal Reserve hikes key interest rate 0.75 percentage point, projects economic slowdown
CBS ^ | September 21, 2022 | IRINA IVANOVA

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 ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: bidenflation; fed; fedrate; interest; powell; stockmarket
Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140141-146 next last
To: 1Old Pro

Yeah

Long enough to fool the idiots that believe in CNN and MSNBC.


101 posted on 09/21/2022 2:03:39 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
[ Post Reply | Private Reply | To 98 | View Replies]

To: laplata

He’s so obviously disingenuous I can’t stand to hear the words that come out of his mouth.

When he speaks, he speaks a lie.

Just like his real father.


102 posted on 09/21/2022 2:06:18 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
[ Post Reply | Private Reply | To 100 | View Replies]

To: servantboy777

I learned decades ago to ignore what politicians say and watch what they do.


103 posted on 09/21/2022 2:08:43 PM PDT by cuban leaf (My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
[ Post Reply | Private Reply | To 89 | View Replies]

To: SaveFerris

Prepare for jimmah cahtah type economy for at least 2 years.
I positioned myself during FUBO second term for just this event.
I’m not keeping up with inflation, but I’m still turning a profit in this market.
Batten down the hatches matey, it’s gonna be a rough ride.


104 posted on 09/21/2022 2:09:16 PM PDT by joe fonebone (And the people said NO! The End)
[ Post Reply | Private Reply | To 97 | View Replies]

To: ConservativeInPA
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.75 percentage point

Not high enough. It should be 1 percentage point.

105 posted on 09/21/2022 2:10:07 PM PDT by MinorityRepublican
[ Post Reply | Private Reply | To 1 | View Replies]

To: cuban leaf

I started doing exactly that with a gal I dated in the mid-1980s and later, from that experience, those I worked for in Big 6.

Their actions never matched their words. But only 80-85% of the time;and during critical moments.


106 posted on 09/21/2022 2:17:43 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
[ Post Reply | Private Reply | To 103 | View Replies]

To: Revel

“They are nothing more than a casino wheel.”

In gambling you roll the dice and you can lose it all. If you dollar cost averaged into the S&P 500 stock fund over the last 30 years you got about an average 9%+ annual return.

The key is to NOT try and time the market, save enough money, invest it and LEAVE IT ALONE. If you save and invest 10-20% or more of your paycheck and invest it in the overall stock market over decades you will be able to retire at a reasonable age and live comfortably. The problem is - many people will come up with all sorts of excuses why they won’t save the money in the first place.

But even if you do invest and try to time the market and do everything wrong you will likely not lose all of your money like gambling. Investing is nothing like gambling. You have to be pretty stupid to lose ALL of your money in the stock market. The only time that happens is when some fool puts it all into a single stock that goes belly-up.


107 posted on 09/21/2022 2:45:23 PM PDT by plain talk
[ Post Reply | Private Reply | To 94 | View Replies]

To: ConservativeInPA

I hope they crashed the stock markets and crater the economy. The markets are being manipulated to benefit of the big money players and those running the country. They’ve already killed the bond fund markets, with the largest number of victims being retirees who are conservatively invested.


108 posted on 09/21/2022 3:14:15 PM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: plain talk

The ones suffering the most are the retirees, and they aren’t earning a salary to dollar cost average into this market. Most had an AA set, and a good number of them were geared towards conservative investing. The crippling of the bond funds, along with low interest rates on MMs & CDs, is destroying seniors.


109 posted on 09/21/2022 3:20:46 PM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
[ Post Reply | Private Reply | To 107 | View Replies]

To: plain talk

Oh, and just wait until the retirees have to take their RMDs by the end of the year. RMD valuations were based on the end of 2021, and those assets being sold to fulfill their RMD requirement are a great deal lower now than they were at the end of 2021.


110 posted on 09/21/2022 3:22:46 PM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
[ Post Reply | Private Reply | To 107 | View Replies]

To: Sacajaweau
"he means faster slow down."

If this boat gets slower, we'll have to get off and walk..

111 posted on 09/21/2022 3:24:56 PM PDT by unread ("It's not enough that we do our best; sometimes we have to do what's required." W. Churchill.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Sacajaweau

Kiss car loans, the stock market and mortgages goodbye. 👋🏻


112 posted on 09/21/2022 3:42:00 PM PDT by Shady (The #JihadJunta: "We are now a nation of Men, Not of Laws. You are not as equal as we are...")
[ Post Reply | Private Reply | To 2 | View Replies]

To: stevio
Au contrare..
113 posted on 09/21/2022 3:43:45 PM PDT by Shady (The #JihadJunta: "We are now a nation of Men, Not of Laws. You are not as equal as we are...")
[ Post Reply | Private Reply | To 12 | View Replies]

To: Shady
My daughter works for a mortgage company...said it's gone dead.

She's heavily invested...they've worked so hard. She and hubby are in late 50's...critical years thinking of retirement.

114 posted on 09/21/2022 3:45:12 PM PDT by Sacajaweau ( )
[ Post Reply | Private Reply | To 112 | View Replies]

To: CatOwner

“The ones suffering the most are the retirees, and they aren’t earning a salary to dollar cost average into this market.”

Yeah I was talking about investing while one is working in order to be able to retire in the first place. But I do think retirees should continue to invest in the stock market as a hedge against this inflation with a conservative asset allocation mix of index stock and bond funds.

The key is to save and invest enough while working to attain critical mass so a retiree can absorb ups and downs and be able to maintain sufficient cash etc without having to sell stock funds at the wrong time.

But your point about bond funds is spot on. The govt has screwed things up royally. Rising rates has savaged bond funds. Given that I have a higher weighting of high dividend stock funds and cash that I would normally like but I can absorb the ups and downs.


115 posted on 09/21/2022 4:05:19 PM PDT by plain talk
[ Post Reply | Private Reply | To 109 | View Replies]

To: xzins
That will devastate the national budget when we pay quadrupled interest rate on national debt. 30 trillion times 8% = 2.4 trillion dollars just in interest payments.

Not too many years ago, we use to discuss "trillions" when describing galaxies thousands of light years away. Now were talking about U.S. debt...Scary days.

116 posted on 09/21/2022 4:29:15 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 59 | View Replies]

To: xzins

Federal Gov. picks a part of that Medicaid Tab, without which a State will have to cut benefits or find the money.


117 posted on 09/21/2022 4:50:00 PM PDT by Captain Peter Blood
[ Post Reply | Private Reply | To 90 | View Replies]

To: Sacajaweau

Wife works for a Marketing firm, represents two “lending institutions.” It will be interesting to see what happens..


118 posted on 09/21/2022 5:00:35 PM PDT by Shady (The #JihadJunta: "We are now a nation of Men, Not of Laws. You are not as equal as we are...")
[ Post Reply | Private Reply | To 114 | View Replies]

To: Attention Surplus Disorder

I agree. It is sad.

When they’ve thrown it all away, then the dawn comes. Too late!


119 posted on 09/21/2022 6:05:43 PM PDT by DoughtyOne (I pledge allegiance the flag of the U S of A, and to the REPUBLIC for which stands.)
[ Post Reply | Private Reply | To 62 | View Replies]

To: SaxxonWoods

I agree, but it has been a long long process.

Even in the 60s or so, Reagan changed parties because he
said the party had left him.


120 posted on 09/21/2022 6:07:11 PM PDT by DoughtyOne (I pledge allegiance the flag of the U S of A, and to the REPUBLIC for which stands.)
[ Post Reply | Private Reply | To 64 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 81-100101-120121-140141-146 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson