Federal Reserve hikes key interest rate 0.75 percentage point, projects economic slowdown

CBS ^ | September 21, 2022 | IRINA IVANOVA

[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%.

[laplata]

I feel the same about him. I can’t stand to hear his voice or see his face. He literally oozes out Evil.

[Ronaldus Magnus III]

During Clinton and Obama, they forced the interest rate to near 0%. This makes the annual interest payment on the USA Debt much lower, and allows the leftist creepozoids to spend, spend, spend.

[SaveFerris]

It’s unsettling to my soul. So many distortions and lies. Constantly.

But always the sales pitch voice.

There’s “something” there and it is not something good at all.

[cherry]

45 yrs of adding to my retirement acct and that is what I depend on...

maybe all these people with the big govt pensions can wish for a stock market crash, but the rest of us need it to be stable....

[CatOwner]

No govt pension here.

[SaveFerris]

More later

[laplata]

It’s called Demonic, among other things..

[laplata]

Good.

[SaveFerris]

Sometimes I think he tells us plainly who he is - in your face. Better download the video before it disappears.

Kevin Spacey = (fake) President Frank Underwood

(fake) pResident Barack Obama ---> "Frank (Underwood) learned it from me." "Frank learned it from me".

the video is something else - if you haven't watched the video - give it the time (less than 3 minutes to watch half)

-----------------------------------

"Hello everybody. This is not Frank Underwood; this is Barack Obama.

Frank learned it from ME (Barack Obama)."

Ignore "the DaVinci Code" in the last 1/2, though. It's the first 1/2 that grabs your attention.

"(Anti-God/Anti-Christ) Frank (Underwood) learned it from me (Barack Obama)."

Obama channels antichrist HBO character

(BTW I disagree with having religious statues - but still, the underlying tone is there)

[laplata]

That video is very creepy and scary. I think the tongue sticking out has something to do with Demonic possession.

Thanks for posting this.

[ecomcon]

My first mortgage in 1997 30 year conventional was 8.25%

Inflation rate was 2.9%

[Deo volente]

If he had done a full percent the market would have dropped 2,000 points. Wall Street big boys are holding our markets and economy hostage. Powell has to tread carefully. But you’re right of course. In fact, to stop this inflation and also this insane money printing he’d have to raise it to 10 percent or more, but that would send us into a depression.

[444Flyer]

“”Hello everybody. This is not Frank Underwood; this is Barack Obama.””

Looks like demonic possession and manifestation.

https://www.google.com/search?q=statue+with+tongue+out&tbm=isch&sxsrf=ALiCzsZfzuGZb4tSB7dBCGItTXn7MIFKEA%3A1663860487237&source=hp&biw=1366&bih=657&ei=B38sY9WcCLfckPIPsvuMkA0&iflsig=AJiK0e8AAAAAYyyNFzQ6uPShRxk4eAWthk6ejOeGDDt1&oq=Statue+with+tong&gs_lcp=CgNpbWcQARgAMgUIABCABDoECCMQJzoICAAQgAQQsQM6CwgAEIAEELEDEIMBOgYIABAeEAU6BAgAEBhQAFiFH2CMLGgAcAB4AIABsgGIAZkLkgEEMTQuMpgBAKABAaoBC2d3cy13aXotaW1n&sclient=img#imgrc=So4-ZQ34S1AzQM

[SaveFerris]

Of all the things he picks, why that one?

Perhaps the answer is axiomatic

[laplata]

Good point. He’s repulsive.

[SaveFerris]

Maybe he’s plainly telling everyone who he is and what he’s all about

[laplata]

He’s so arrogant that he doesn’t realize many of us can discern that he’s evil and what that entails.

He thinks he can easily fool and deceive.

[SaveFerris]

(He thinks he can easily fool and deceive.)

It worked on a lot of people.

It’s still working on the majority of them.

[central_va]

Yes, we should sacrifice the young’s careers, real estate and futures with high unemployment and a terrible recession because old peope don’t like inflation..

[Night Hides Not]

Yes, we should sacrifice the young’s careers, real estate and futures with high unemployment and a terrible recession because old peope don’t like inflation..

All that free government cheese led to our current inflation, or are you going to side with Brandon and call it another "Putin Price Hike"?