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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
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To: Night Hides Not
Crashing the economy on purpose is the only thing worse than inflation, it’s evil.
141
posted on
09/22/2022 12:19:46 PM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: SaveFerris
That’s right and it is extremely disturbing that so many cannot see it.
They have no ability to discern or think critically.
They have been taught WHAT to think rather than HOW to think.
142
posted on
09/22/2022 12:47:15 PM PDT
by
laplata
(They want each crisis to take the greatest toll possible.)
To: laplata
Maybe some version of the Strong Delusion has had an early start?
143
posted on
09/22/2022 12:49:14 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: SaveFerris
144
posted on
09/22/2022 1:33:17 PM PDT
by
laplata
(They want each crisis to take the greatest toll possible.)
To: SaveFerris
145
posted on
09/22/2022 4:37:32 PM PDT
by
Roman_War_Criminal
(Jesus + Something = Nothing ; Jesus + Nothing = Everything )
To: SaveFerris
146
posted on
09/25/2022 10:40:14 AM PDT
by
spokeshave
(Proud Boys, Angry Dads and Grumpy Grandads.)
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