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 ...
The Keystone Cops are in charge.
Sad...
Those in charge of making recommendations to him, should not
be on the next payroll.
Some of these he should have caught, but if you ask your
supposed experts and they give you ringers, it’s tough to
get the right people.
Stocks are now in the red.
To the elite who actually know what they are ushering in,
why sure. It’s the rank and file little idiots who are
going to get the big surprise.
They are the ones lined up and shot as soon as the new
government takes control.
The elites, just continue on being elites...
“If it hasn’t dawned on the Communists
by now, it soon will, what they have ushered in.”
Think we got 50 days?
Check John Williams Shadow Statistics page, his calculations are due the old way and his take is inflation is at 16.3%
Just today where I live gasoline prices were up .26 a gallon overnight.
sell the bounce. Worked for me since June
nah.....its globull warming for sure.....
Those people in D.C. calling the shots don’t have to worry about gas prices, paying mortgages, food, rent etc...Those in the exclusive D.C. club are well taken care of...For life!
Maybe he is a secret Trump supporter cause this is gonna rank the already terrible economy.
I wouldn’t bet on it.
Some of them will be wiggling painfully in a ditch as the
light goes on.
buy the dip - sell the rip.
“Jimmy Carter all over again economically, only this time on
steroids.”
There are some similarities, but more differences. I made out under stupid Carter, that’s where I go my investing start.
I really shouldn’t hate Democrats, I’ve made a lot more money off their policies than Republican ones. But I hate them anyway.
Thanks
Spending at obscene amounts and not even slowing down plus trillions to unwind off the balance sheet leaves you with no choice or solutions to make everyone “feel good” and financially secured. Feds are boxed in, only solution i can see is speak the truth: Decades of budget deficits and irrational government programs/spending stretching back to the 1930s are catching up and will eventually implode the economy. Fractional banking could work if people voted for their Representatives in a fiscally and socially responsible manner. Have a nice day, remember to vote this November, -out- while giving the 4th Estate the middle finger to their pool of nitwits with notepads and recorders.
They want you dead, so it’s okay.
I wouldn’t say I hate them, but I have never seen such
stupid people in my life.
They will do whatever number massaging it takes to report a positive quarter. Even if it’s -2.0% in the fourth to make up for it.
We’ll see
I’m not optimistic given the fools in charge these days
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.
Well, we are in a recession and have been for a bit of time, so no surprise.
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