The Federal Reserve hiked interest rates by a quarter point, bringing the Fed’s benchmark interest rate to a 22-year high of between 5.25% and 5.5%.
Fed raises interest rates 0.25%, intensifying inflation fight despite cooling prices: https://trib.al/aiKCSPM
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This is good news for future generations. The more interest rates go up, the more home values will DECLINE. God bless, America.
Powell and the Fed have no idea what they're doing! We need to fire Powell and the Fed, they're just here to keep banks rich and punish the poor!
This is not about inflation is it
An increase in interest rates by 0.25% will definitely cool off inflation! Lol, they take us for idiots!
They should've raised the interest rates to 12% right in the beginning….then we'd been over with all this by now.
11 interest rate hikes in 2 years?….FJB
Could've spent that money here instead of funding proxy wars. The burden of their bs falls on everyday americans. We just surprisingly and shamelessly keep putting up with it for some reason.
This old motherfucker wants to start a recession. Inflation already have cooled. Eggs are down. Even bacon prices have gone down. Motherfucker needs to be removed with Biden. Both are old and delusional.
https://youtu.be/mw5VIEIvuMI
BIDENONICS IS WORKING ! REPUBLICANS STILL LYING ABOUT THE ECONOMY WHEN EVERYTHING IS WORKING FOR THE BEST. TYPICAL.
This is exactly what the Marxist Fed did during the Great Depression; they constricted the money supply, when they could've expanded it to end the Depression sooner.
Bidenomics hard at work.
It should be illegal for the Federal Reserve Private British Bankers to control interest rates when they are the central bank also loaning our government money. We do not need a central private bank. The Treasury can print money and we owe no one. Wake up congress and quit selling out our future!!
This is good news for future generations. The more interest rates go up comma the more home values will DECLINE.
They are trying to keep the cola down. That’s why the interest rates are going up now.
The feds are raising the interest rate now because this is the time from July August and September. They’re trying to keep the cola down so the people can’t get a good raise on our Social Security.
Inflation at 3%? 😂😂 where do they get these magic numbers from!?
The price of everything has doubled and is still going up… hardly 3% per year
I don’t think people understand that in the long term this will positively affect the general populace. If you already have a fixed rate this doesn’t affect you.
Shoddy coverage. They'll be raising every month indefinitely
Buying a car now forget it and or a home we are screwed. Damn Biden and this crappy government.
Things were better under trump….I'm black and I mean that….
Create national social bank to lend money to unemployed, to those who need medical treatment to pay medical fees, to those need education and skill education to pay education fee. National social bank will provide a safety net and security for people to allow people to spend money with less worry and use more savings to help boost consumption. Poor people do pay back loans and by adjust terms and conditions of loan will help people pay back loans. Beside, government have the obligation to help and pay for the poor to uplift them. This will offer loans to poor without collateral and guarantee and allow poor to access to many services.
At least he and yellen were spot on regarding transitory inflation.
🤣😂🤣😂🤣
🤡🤡🤡
When the government tries to fix the economy on the backs of working class people.
I'm about to throw up.
its time to cut"unecessary" government spending
No more free money bundling US junk bonds
You must be smoking crack if you think if inflation is gonna drop, if inflation is coolimg down why are prices still up
Didn't the Fed get the memo about the Inflation Reduction Act? Inflation is not supposed to be a problem anymore, so why are rates still going up?
The interest on the national debt is going over a trillion dollars a year. More than we pay for defense.
Keep talking how bidenonimcs is doing so great sheep.
He keeps raising them, just like food, gas, water. They really want us to be poor.
WHY? … what the hell for?
This means our credit card payments will go up, less will go towards principal, as well as mortgage payments will go up less towards principal. This is ridiculous. This is hurting the American people not helping, and certainly not helping the economy.
Gotta make sure the have notes cannot access any money
Daily reminder that this wasn’t a problem under trump
Democrats voted for America’s ruin
I told everyone this would happen. We elected a president who cut taxes and increased government spending while interest rates were historically low. That option is usually reserved for an economic crisis and than pandemic hit so we had increased government spending even more while interests rates were still low. There is no fixing this mess because companies aren't investing in labor
This is the result of printing money and distributing it during pandemic ….democrats fucked the economy for the whole next century
😱😩🤦🏻♀️
Its why gas went up
They will blame it on Trump 😂
Another bullshiter. The only one who makes out is the friggin banks. Slow inflation. It’s all bullshit. The interest rates never go back down on credit cards. Bunch of legalized racketeers. They give you 5 percent and charge 30 percent on cards. Friggin loan sharks. Kool the economy. Just makes more money for the friggin banks. It’s all bullshit
Under Trump we had NO inflation, NO war… Our country was thriving and all Libs did was complain.
Now our country is a crap hole under Biden
Ladies & Gentlemen, all part of the World Economic Forum’s Great Reset agenda.
We you deem conspiracy theorists warned you they’ll destroy our country to rebuild, and it’s happening now
We’re screwed. On this rate No way I can pay my debt in the next 30 years
Yay, an increase in foods & goods. Just what we wanted 😑💸💸💸
This is all Adam Schiff fault😊