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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: central_va

Just one question though, do you love inflation? Do you have an alternate solution for it?

I don’t want to debate you. I don’t care for your brand of crude comment since you’re just not nice at all.


81 posted on 11/03/2022 6:03:15 PM PDT by Sequoyah101
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To: Sequoyah101

Va wants to fight a wild fire with a garden hose....

;-)


82 posted on 11/03/2022 6:09:00 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: Sequoyah101

Ok a lot can be done to curb inflation. Electing Trump would be a good start. Crashing the economy on purpose is evil, going to ruin peoples lives and also the Republican party which will get the blame for it.


83 posted on 11/03/2022 8:12:30 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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