Today’s three-quarter point interest rate hike is on top of two smaller rate hikes this year. With inflation running at 8.6 percent, the Federal Reserve hopes to cool the economy without pushing it into a recession by raising interest rates and the cost of borrowing. Some Americans have watched their monthly bills double, turning to local food banks for help. On top of this, the average gas price hit $5.01 a gallon. President Biden has accused U.S. oil companies of profiting from the pain of others. Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#inflation #gasprices #economy
Fed Approves Largest Interest Rate Hike in Decades To Tame Soaring Inflation
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The Democrats have totally messed up this country. I cannot wait until November
Feds need to come up with a different plan
YIKES! Anyone with an adjustable mortgage watch out…
they say they unstand meanwhile they are stuffing their off shore bank accounts
That is what happen when you put sick persons, lefty idiots and corrupt to the core people, in charge. Deceit, inflation, wars and ruining your own citizen's life! Is this a wake-up call? Not sure anymore, propaganda machine can succeed again to stop you connecting the disaster in your life with the source of it (NBC, the others, the mules, Jan 6 commission are quite successful at enslaving you …)
This is B.S This come from Trump gave the RICH a large taxes break and then the virus step in and now This COUNTRY is giving the Americans citizens money to fight a losing war. In the book of revelation said the Oil and wine will not be hurt. Our days are numbered
♻️🤦🏾♂️ it's like the more we shovel in the front door
The more demand to haul by the truckload out the back door good grief Charlie Brown I feel as though I am the clown 🤬😬🙈🐂😭🧎🏾♂️👀😔
Our crumbling economy has been found out to be Joe Biden sanctioning Russia over the 2016 election when he first took office. Time to Impeach.
Biden ruined america
How much could i get donating sperm? I reckon I am good for 5 litres per month
Inflation begins when dollars are printed. Printed dollars are a data input to the CPI. The CPI print is the feedback loop from printed dollars. Keynesians have been trying for decades to print dollars to create inflation-used as a signal to show the stimulus is working. Then before inflation gets entrenched, deflate by destroying printed dollars. The problem here is the Fed didn’t remove the dollars it printed to stimulate. So the higher prices are here to stay for a while. The dollar strength is transitory. You will see a weak dollar once those bonds the fed has on its balance sheet become difficult to sell as higher yielding assets will be more desirable to investors.
let's invest in Indonesia for the large production of electric car batteries. nickel bauxite and other Indonesian commodities. ready to supply the world's high demand for green energy and electric cars
let's invest in Indonesia for the large production of electric car batteries. nickel bauxite and other Indonesian commodities. ready to supply the world's high demand for green energy and electric cars
Thanks Joe
People love to complain about gas prices but some observations I have made in the last few months:
People still driving very fast
Apple store Full
Louis Vuitton store Full (line outside)
Restaurants Full (hour wait time)
Lots of new SUVs on the road with paper plates (mainly Denalis' and Surburbans)
On Dec. 27th 2020, Donald Trump signed into law the $900 billion coronavirus stimulus and government spending bill. This lead to a demand exceeding the supply of goods causing a backlog at major US ports and the highest rate of annual inflation since 1990. The national debt under Trump increased by 39 percent. The annual deficit under Trump ranks as the third highest of any president in history. Since 1933, the US economy has grown at an annual average rate of 4.6 percent under Democratic presidents and 2.4 percent under Republicans.
I have three children all in college I live with me once in my living room the other to get their own room I have my room with my husband I am not gonna upgrade to rent a bigger home because it’s a little bit inconvenience my son sleeps in the living room But I’m not complaining about the gas prices I’m not complaining about the food prices there’s nothing I can do I don’t use credit cards I cook 90% at home in order for me to override this inflation
People need to stop using credit cards downsize your kids do not need cell phones if they’re in middle school or elementary you don’t need a bigger house if you cannot afford it to override what’s going on
Increasing interest rate on credit cards does not change behavior. People have no other option.
Yet their going after the best President EVER – 🇺🇸 President Trump 🇺🇸
People should know that fire districts with volunteer emts and FF etc are also seeing fuel issues that will impact you.
A depression that is what we are heading for — their so-called reset bs.
Nothing will change until the students go back to school.
Increase in rates just hurts middle and low class people. Rich people pay cash