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Federal Reserve hikes interest rates by 75 basis points for fourth time this year
The Hill ^ | 11/02/2022 | SYLVAN LANE

Posted on 11/02/2022 11:11:15 AM PDT by ChicagoConservative27

The Federal Reserve on Wednesday hiked interest rates by three-quarters of a percentage point, pressing even harder on the brakes of the economy in a scramble to slow inflation.

The Federal Open Market Committee (FOMC), the panel of Fed officials responsible for monetary policy, boosted the central bank’s baseline interest rate range to a span of 3.75 to 4 percent. It is the fourth consecutive 75 basis point hike issued by the Fed and sixth interest rate increase since March.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events
KEYWORDS: 2022election; bidenflation; election2022; federalreserve; hikes; interest; points; redwave
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To: Blue Highway

Dow now down 275.


61 posted on 11/02/2022 12:24:36 PM PDT by chuck allen
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To: RckyRaCoCo

The House and Senate leaders need to set the narrative on day one that this is going to be a bad couple of years due to the Biden recession.


62 posted on 11/02/2022 12:25:11 PM PDT by 1Old Pro
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To: xzins

Gonna see a lot of these snotty real estate agents who’ve been living high on the hog now eat some humble pie.


63 posted on 11/02/2022 12:48:48 PM PDT by LibsRJerks
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To: central_va

If mine has to move back, he’s going to pay my utility bills.


64 posted on 11/02/2022 12:52:15 PM PDT by LibsRJerks
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To: ChicagoConservative27

It’s a racket. The ups and downs of this kind of stuff comes every few years. It’s a planned thing.


65 posted on 11/02/2022 1:36:44 PM PDT by isthisnickcool (1218 - NEVER FORGET!)
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To: chuck allen

And the Dow jumped 300 points! <<<

That was just the Fed PPT buying in the morning.....

Everyone else is selling....Hence the market closed down 500+ points..


66 posted on 11/02/2022 1:56:22 PM PDT by M-cubed (The MSM is now the 4th Branch of Government.....)
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To: M-cubed

ummm DOW closed down 505.44


67 posted on 11/02/2022 2:03:15 PM PDT by markman46 (engage brain before using keyboard!!!you)
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To: Alberta's Child

“The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.”
― Alexis de Tocqueville


We’ve been there for a few decades.


68 posted on 11/02/2022 2:17:17 PM PDT by citizen (The pResident On Hot Mic With Florida Official: ‘No One F**ks With A Biden’)
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To: Osage Orange
Made my stock's go up. <<<<

Congratulations!!!.....

and if you sold today..you'll be 1 of the lucky few that sold at the TOP! ..../s

69 posted on 11/02/2022 2:18:25 PM PDT by M-cubed (The MSM is now the 4th Branch of Government.....)
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Comment #70 Removed by Moderator

To: ChicagoConservative27

What I want to know why the market doesn’t seem to get that the hikes are coming. Why does it run up then act all butt hurt when the fed does what it said it would do?

If we don’t have a recession this is all for nothing. Bring i. The sooner the better.


71 posted on 11/02/2022 3:56:55 PM PDT by Sequoyah101
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To: meyer

They always do and more so now with things moving faster..it used to take months for commercial rates to go up. Almost instant now.


72 posted on 11/02/2022 3:59:45 PM PDT by Sequoyah101
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To: cherry

Some big banks have started online savings accounts that pay much higher interest than the traditional brick and mortar banks.

Here is a partial list:

https://time.com/nextadvisor/banking/savings/rates/

You can search online for “high interest savings accounts” to get additional lists.


73 posted on 11/02/2022 4:03:49 PM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: central_va

Been there before.

Into each life a little rain...

They will be stronger for it.


74 posted on 11/02/2022 4:04:12 PM PDT by Sequoyah101
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To: ChicagoConservative27

Congress can just say we will not spend the $4.6 trillion in new spending they passed these last several months. That would cut inflation way down. The Biden / obama cabal can say we will remove all restrictions on oil and gas. The economy would improve greatly.

The politicians will not as that would help others and not just themselves. They are ok with you paying greatly for their bad actions.


75 posted on 11/02/2022 4:47:19 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: central_va

I don’t think we can ignore it at this point and I’m no old fart. The federal government is about 18% of GDP. What are the state’s portion now? We need to have real interest rates and the government not picking winners and losers in the economy.


76 posted on 11/02/2022 6:36:55 PM PDT by wgmalabama (Censored!)
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To: Sequoyah101

To those that want to crash the economy on purpose? F U.


77 posted on 11/02/2022 6:59:30 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

It takes so little to tweak your nose. Just too easy.

You must stay pissed off all the time.


78 posted on 11/02/2022 9:37:36 PM PDT by Sequoyah101
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To: Sequoyah101

So little. Right. The Democrats are going to use rising interest rates to crash the economy and let the Republicans take the blame for it. And some Republicans want that!!!!


79 posted on 11/03/2022 1:42:54 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: LibsRJerks

Many were too good for time with the customer. There are always good ones out there. I know a couple of that variety.


80 posted on 11/03/2022 2:49:44 AM PDT by xzins (Retired US Army chaplain. Support our troops by praying for their victory. )
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