The Federal Reserve has announced that they will be raising key interest rates by 0.75%, the largest increase in 28 years. CNBC’s Dominic Chu breaks down how this may impact the economy. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
#interestrates #economy #inflation
Fed Raises Key Interest Rate By 0.75%, Largest Increase In 28 Years
source
The only currency that survives time and time again is trading not selling, no losses , no scams, no hunger, no wars, no famine. No rich no poor. Currencies always reaches a peak and plummets. History has thought us that over and over again. Either we get wise and decide how we are going to live or be a follower and perish in the process.
Elections matter. You all demorats got what you voted for, but at least you don’t have to see Trump tweet.
The "markets" may take it as a positive, but the effects on the economy will be disastrous. Raising interest rates is almost as bad as raising wages, which is the worst possible thing to do for inflation, from an economic perspective. Increasing costs to businesses forces them to increase prices. Labor costs, shipping costs, and interest rates are the three worst things you can increase unless you're trying to destroy an economy. All three have severe negative effects, and all of them increase real inflation. It's hilarious how much stupidity exists in today's society, trying to combat rising costs by raising costs? Seriously? People actually fall for this crap without realizing the only thing it does is make the 1% richer at the expense of the majority of the population. The "markets" are not the way to measure an economy, that only benefits the small percentage of the population that invests in them.
Joe Biden is not senile nor stupid like Republicans propaganda claims claim.
Neither are the American people.
IMPOSE WINDFALL PROFIT TAX ON OIL COMPANIES RETROACTIVELY TO POST ELECTION DAY!
THE OIL EXECUTIVES AT LEAST ALLOWED THIS INSANE PRICE INCREASE TO TAKE PLACE. USE THE RICO STATUE to lock them up
My fellow Americans, who agrees that prices, interest, etc. shortage will only increase from here?
^^^^ Selfish interests are served BEST by freely serving the interests of others EXISTNC
GAS IS $7 IN CALI!!
Meanwhile the same dems who allowed Blm and antifa to riot, burn, murder for several months straight want to take law abiding gun owners guns away…. Defund police and take away your guns…. Y’all don’t see a problem with this??? Now a recession so there will be more crime !!!
Time for a convention of states !!
This is how you engineer a recession to put pressure back on the 'lower class' to get them back into line as good little consumers. This is how you suppress ideas of unions and worker's rights, but making the 'lower class' desperate enough to accept the awful pay and conditions they subjugate us to. This is planned, this is being executed to ensure that they can continue to suppress us so they can continue to get richer. These are people with 50+ million in personal assets and liquidity, these are people with billions in some cases, and they want *more*. They don't care if we suffer, they don't care if we struggle – the self serving, unjustifiable thieves deserve a noose.
We did it joe, we did it
YOUS VOTED FOR RECESSION ! YOUS VOTED FOR $5 PLUS GASOLINE ! YOUS GONNA TAKE IT AND LIKE IT !
Thank a Democrat today! bet you derps want those horrible tweets back orange man bad
That's scary if a lot of people are going into debt to pay for groceries and gasoline.
Student loan borrowers in the United States owe a collective nearly $1.75 trillion in federal and private student loan debt as of April 2022, according to the Federal Reserve Bank of St. Louis. U.S. wars in Afghanistan, Iraq, Syria and Pakistan have cost American taxpayers $6.4 trillions.
How does that fix prices at the grocery store or the gas pump? Inflation is too much money chasing too few goods. It's a supply chain issue, fix that you fix inflation.
This is what happens when idiots spend more than they can afford.
Fed can kiss my AAAAAAAAS!!!!!!
16 For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life. 17 For God did not send His Son into the world to condemn the world, but that the world through Him might be saved.
18 “He who believes in Him is not condemned; but he who does not believe is condemned already, because he has not believed in the name of the only begotten Son of God. John 3:16-18 NKJV
At least you have weapons. You can start something…..
IMO that will not significantly help. This bout of strong inflation is mostly driven by a supply-constraint cost-push, rather than by a demand-pull, environment. Increasing prices through higher finance costs might not become the panacea we desire.
The Rich folks who continue to put their hands alone with the greedy people like the Donald trump's followers Mitch McConnell macathy santis an any other Republicans who have not stud up for the right of GOD people and laws for the poor and needed.. knowing that when the DEMOCRATICS put the good on the table to get things did . The Republicans don't sing nothing but they continue to steal the people money an ack like it's all right.. sad and mirsable demons followers just like their evil devil goddess they serve… have mercy on their souls Father GOD YET their souls of your promise will still Burn as written if they don't Repent..
That's what you get with your mail-in president
Mainstream corporate media is just gross, wish youtube allowed independent voices in their search.
Completely corrupt and broken federal system. I'm loving it !
Just increased it by 0.5% – that more people getting laid off since no one will borrow.
Where do they get this 5$ gas average??? It's literally almost 7$
They keep telling you that by 2030 you will own nothing and be happy.
I wonder if banks will start slashing ppl’s credit cards, personal lines of credit, and credit usage like they did in 2020.
I don't use eggs, bacon, or gasoline. I have no loans or debts. I grow most of the food I eat. Most of my savings is in physical precious metals. Good luck everyone else!
How is it a good thing?
Interest can destroy everything you've earned.
I read about a man in his 50s that invested in Stocks and Real estate, then retired in 2years over $6million, that right there is my outmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years..
🐖👈Bacon 🐥eggs👈🙄🤪💨🗽🐒🙄🐡🦈💃
Little by little is more harm to economy than raise it at once.
If ye ain't got nutin' ya ain't got nutin' to lose "EXCEPT YOUR MIND". 🐖👈
Yayyyy 🤪 everybody's broke 🗽👏😽
Proud Americans feeling stupid asf rn
Hail hail to the king the king of poop Biden poopy pants Biden
Greedy rich get richer the poor get poorer
them credit cards is whats gonna bankrupt the US…js bc these folks wont be able to pay off their debts soon smh
i said what i said
fk the fed!!!! They arent even a gov entity! and Yall are ALLOWING IT! live simple, proclaim yourself a sovereign entity and get off their grid! They will implode sooon enough
Fck'n ell!
I use my credit card for monthly things because of cash back rewards and it helps my score. Has zero to do with what I can afford. I wonder how many other are doing what I'm doing?!!
Biden's plan for the working stiff. Stiff the working.
Meh. We've been propping up the economy with bail outs and low interest rates for decades. Maybe it's time to let it correct itself.