For the first time in more than three years, the Fed is set to raise interest rates in an effort to curb inflation. NBC News NOWโs Allison Morris reports on the Federal Open Market Committeeโs meeting.
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If they want to stop inflation then have the fed stop printing money out of thin air. The more they print the more inflation will rise
Bottom line is when too many people have too much money inflation happens, and the only way to correct that is to take money out of people's hands by increasing their mortgages, credit cards, other loans, and causing them to have no money when they get laid off by their jobs, because the businesses have less money to pay for labor because their outstanding loan payments went up too
Now do rich people lose money in this process? No, their assets go down a little in value, but they don't lose money. In fact they take the surplus of money they have, buy more assets because they're cheaper now, and when the economy goes back up they're now richer because their assets became more valuable
In the end this is a shell game of paper money with no value behind it and numbers on a digital screen. Everyday working people just getting screwed. All this is
This is what happens when an American election is Stolen ๐
The fix is more cost in to consumers as in hike in interest payments. Stop spending on credit and stop unnecessary spending overall.
Federal reserve has been screwing consumers these past couple of years with money printing.
Dude Iโm already struggling putting everything on credit now I might be just happy to die like wtf
We have never in our history had a problem we could not solve for in god we trust ' hashem 'elohym' adonai 'elshadai 'yeshua
We are tired of a fake president is what we are tired of but you idiots in the fake media just don't get it ! Nothing will get better tell we get communist out of the government !
Donโt raise interest rates raise taxes on the 1% or is anybody making over 5 million a year got a pay a 93% tax come on letโs get it together bunch of dummies
I still didnโt understand this Crap !!!!
How does it work again???
Why has it taken so long for the feds to realize they need to increase the interest rate? They could have headed off the spiking inflation before it even started. They knew it was coming before it started during the pandemic. Interest rate increases cut back people spending on credit. The feds never learn. Then maybe they planned it out this way. Clear back in 2020 some people were saying the government was going to get back all the money they were handing out in a different way. What a bunch of devious mother f*ckers.
Working more hours..24×7 for gas only…
How will it not is an easier question
Jerome Powell says transitory
How about 599 gal. 8n cal
Their Purposely crashing the American ECONOMY…..
Inside trading congress voted themselves a 21%raise. What do they know about inflation we dont?
And this is a good thing?
Let's make it $10 bucks a gallon i got it
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Its good that theyre trying to do something, but how can you curb inflation with a war and disrupted supply chain?
10% for the big guy
Somehow the Fed is still printing money havenโt stopped quantitative easing. We need to replace Jerome Powell in the Fed immediately they were are the cause of this inflation not the administration. President Biden leaves get a new Fed chair
Why it took so much time to raise interest rate? Why? Inflation would not be that high if they acted quickly.
Everyone is blaming each other for the mess we are in. The truth is it's your own fault. Take responsibility for the financial mess your in. Remember the vacation you took, remember the parties you threw, remember the stuff you bought and owe on. Did you ever think to save, invest and be responsible. Quit living on your credit card and be responsible for your own self. Don't punish the oil companies, don't blame the grocery store for food prices. Supply and Demand, this is business. Can you plant seeds in a flower pot to grow maybe some food instead of ordering a $45 dollar pizza? Get real people and start learning to be self sufficient.