The Federal Reserve announced its biggest interest hike in nearly three decades on Wednesday as fears of a recession continue to mount.
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Original source (ABC/Youtube)
That could possibly cause a further recession.
Democrats did this!!!!!
removing biden would be better
Feds raise the prime rate from 4.00% to 4.75% All because President Blamer shot inflation in 12 months from 4.99% to 8.58%
This is bullsh$t. This is going to hurt the low and middle class. Most will never be able to afford a house, especially with interest rates doubling.
#ENDTHEFED
Letβs Go Brandon!
The purchasing power of the average workerβs weekly pay declined by 2.3 percent from December 2020 to December 2021 since then things have only gotten worse.
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." β John Maynard Keynes
We're All Going to Die
The purchasing power of the average workerβs weekly pay declined by 2.3 percent from December 2020 to December 2021 since then things have only gotten worse.
Itβs so depressingβ¦my family is facing financial crisis coz of all these economic bullshit
Always good to hear your thoughtful and logical analysis. That small rally was a set up!! we are entering a crab market. As traders we can still make good money π. Trade a small percentage of your portfolio rather than going in and out every couple weeks trying to time the market π trading went smooth for me implementing Mrs Clara Greens daily trading signals and tips.
The latest figures on inflation for these countries indicate the following: Germany at 7.9%, France at 5.2%, Japan at 2.5%, India at 7.04%, Canada and Italy at 6.8%, and Saudi Arabia at 2.2%. Meanwhile, data released last week showed that U.S. inflation rose in May to a four-decade high of 8.6%.
For the financialy responsible, this slowing economy will be your moment.
But we can afford to send 54 billion to Ukraine.
Protest outside Oil company CEO homes until the price goes down !
This is not a supply issue, this is supply at higher cost exploitation.
Billions given to Billionaire Musk to allow Billionaire Trump back on Twitter.
American corporations are taking advantage of inflation as a cover to increase their prices and profits.
As an economist I feel the urge to comment on the title of this video: "Fed raises interest rates by 0.75%". If this was true, the FED rate would be 1 % x increase of 0,75 % (= 0,0075 ), making the new FED rate 1,0075 %. The correct way to describe it is saying FED increased the rates by 75 percentage POINTS (sometimes also called "basis points". The increase from 1 % rates to 1,75 % is a 75 % increase.
EVERYBODY is reaping EXACTLY what they sowed. ZERO EXCEPTIONS. ZERO EMPATHY.
let's be real, the only ones being affected by this and gas prices are middle class and the poor.
The purchasing power of the average workerβs weekly pay declined by 2.3 percent from December 2020 to December 2021 since then things have only gotten worse.
The purchasing power of the average workerβs weekly pay declined by 2.3 percent from December 2020 to December 2021 since then things have only gotten worse.
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." β John Maynard Keynes
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." β John Maynard Keynes
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." β John Maynard Keynes
Damn Bidenomicsπ‘
0:45 screams in dollar bills
hmmm those tax breaks for the rich are not aging well π€£π€£π€£
gas dropped 10 cents, thanks fed for your hard work
The Democrats have literally destroyed this country in under two years. Joe Biden is beyond incompetent.