In an effort to combat inflation, the Federal Reserve is expected to raise interest rates another 0.75%, its fifth interest rate hike of 2022. WATCH ABC News live stream here: https://www. .youtube.com/watch?v =w_Ma8oQLmSM SUBSCRIBE to ABC News: https://bit.ly/2vZb6yP See more at http://abcnews.go.com/ LIKE ABC News on FACEBOOK https://www.facebook .com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #ReservaFederal #InterestRateHike #ABCNLUpdate
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Who this will hurt is Seniors who live on less than minimum wage who are using credit cards just to eat and making the monthly payments. The monthly payment now will be going up again. Not sure why they can't put a fix on interest rates that is fair for them to handle. Lower interest rate and put a fix on it for Seniors!
Abc is bought and paid for
I use my credit cards to help pay for school I’m definitely screwed 😂
The Feds have a long term agenda. And it's not to cater the "Joe the Plumber" folks…
I'm not even a US citizen but those old farts' decisions mess with my stock and crypto portfolio. J. Powell'd better watch his footsteps if he ever visits Europe in Minecraft.
Thanks to the Fed and Biden people are going to suffer.
Who will benefit from the rate hike?
Rate hike of 0.75 most likely not going to do much to curb inflation, People have too much asset and wealth to cause inflation to reduce. I can sell my home that I bought in 2019 for 300-400K more now , even with current mortgage rates, and I dont have to work for the next few years .
If this is the case there is free money without any labor, How is this going to affect me?
Never underestimate the ability of Joe Biden to sanction his own people.
This is what you get with democrat leadership, it’s the out of control spending. Vote them out!
LOL, what a joke. "Official" inflation 8-10+%, actually inflation likely closer to 20%, but yeah, 0.75% is a "big" rate hike… ok…
The fed reserve is garbage
I hope the Feds keep raising interest rates up and up . My wife and I through the years have managed to save up close to 400,000 in cash and I just retired and my wife will in 2 years . The money we are earning in interest is phenomenal on a month to month basis . We followed Jesus Christs Words and payed off all our debts including the mortgage years ago . Yes life is good thanks to Jesus Christ and 😄😀thank you Feds.💰🤑💸
BideN says CPI hasn’t changed in last two months…but that’s after 5 rate hikes!!it should have dropped!! Turn off the money printers!! Saying there’s no deficit compared to the COVID budget last year that got us here, is not cutting spending!! Stop giving away money before there’s no middle class.
Remember when Ron Paul introduced a bill to audit the fed and Bernie Sanders gutted it to give Wall St what they wanted 📖
No touch till Friday let dust settle.
Thanks Joebama 🏄
3.19 and I’m saving? They’re still up from 1.99. These people who report on the economy and gas prices. It’s always a spin.
Nobody is getting raises to compensate… that's my concern. I've only been working harder during these times to compensate for the rise and I'm still broke. Company is hitting highest profits and gross margins ever in history. I can only do it for so long before I flip the bird.
❤Only for fans over 18 year⤵️ Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine svettass.ONLINE Brünette und eine andere Blondine. Es wäre unfair, wenno ich 4 wählen würde
BAILOUTS!!! 87k armed IRS agent's and wallstreet ordered politicians to sign spoofed mortgages. 35 TRILLION in Pension funds handed to WALLSTREET to gamble with.
80 Billion to support Azov (google/youtube AZOV)
END THE FED.
Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine Pretygirlss.OnLinE Brünette und eine anderev Blondine. Es wäre unfair, wenn ich 4 wählen würde