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 ...
Ah, but the have a sickle to go with that hammer.
Sad to say and think, I tend to agree w/you.
)we haven’t experienced a world wide ‘recession’ in a instant globalized environment before)
Yep - 2008 was the biggest shock and the repeat will be epic IMHO
I great up in Texas, and we had Democrats who were more conservative than today’s crop of Republicans. There was no hate in or over politics.
Today’s hateful/destructive Democrats are a different party.
The Fed can do nothing when you have poss poor economic policy.
Yep
I did my best with Clinton. No so good with everyone else.
(failed)
On the contrary, Manchurian Candidate O did exactly what he set out to do: death by 10,000 cuts. Cheered on by his supporters too clueless to figure out what he was up to.
President Trump was hindered, obstructed, distracted in every way possible.
The Globalists intend a Great Reset and are not going to let anything get in their way.
(no offense intended; just IMHO)
“I’m not optimistic given the fools in charge these days”
Fools have been in charge most of my life and I don’t expect that to change. My job is still the same, it’s in my tagline.
What we pay for gas is higher
Same for food...
And now the big one: what we pay for credit.
Now the Dow is down -451
“I did my best with Clinton. No so good with everyone else.”
Congratulations on handling Clinton and good luck this time! I’m looking forward to the challenge, it’s always exciting.
But always remember, past performance is no guarantee of future results.
There are Great Reset lunatics all over the globe now talking about eating bugs, destroying power sources, bankrupting farmers, etc.
What was once some sort of reasonable common sense and public responsibility has been thrown out the window.
And shockingly so.
Stagflation. All the GOP needs to do is make sure low info voters understand the 3 branches of government and who controls those 3 branches. A pretty high bar for the GOP.
Yeah
30,236.74 −469.49 (1.53%)today
Sep 21, 3:57 PM EDT
Won’t be long before Brandon crashes the DOW under 30,000
“...as it tries to douse red-hot inflation.”
Try this! RESCIND every dumb@ss E.O. that Brandon has signed which will take us back to the Trump Economy.
Easy-Peasy!
What? It’s MORE important to burn America down, with all of us in it?
OK, Brandon. Whatever. Enjoy the pending slaughter that will be the mid-terms! *SMIRK*
Well, enough seem to be...
Fed funds rate should have been back in the 5% range in 2011-12 (after dropping it to zero during the Fed caused “GFC” in 2008-09). Powell is way behind the curve.
Yes there is that possibility, and health care will have to be cut, severely, Medicare cut way back and Medicaid gone totally. No more other spending, Defense spending cut to nothing. A Austerity Budget and there will be no choice.
Of course The Fed could finance the Debt and be the Buyer of last resort.
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