Federal Reserve hikes interest rates by 75 basis points for fourth time this year

The Hill ^ | 11/02/2022 | SYLVAN LANE

[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.

[Sequoyah101]

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.

[cgbg]

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

;-)

[central_va]

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.