The Federal Reserve said it will raise interest rates by 0.5%, the highest percentage-point hike in more than two decades. The move comes as the US economy faces rising inflation and recession threats. CNN’s Matt Egan reports. #CNN #News
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In 2019, Trump screamed at the Fed to lower the Prime. They folded like a lawnchair pushed it back down to 0%.
Absurdly low Prime since 2008!!!
Made the inflation we see now inevitable. Yet…
No one talks about the Fed's extremely poor monetary policy since 2008 when trying to explain current inflation.
It is a wonder the whole thing didn't implode years ago.
It should have been 2.5 % to save the economy !
"I do think the risk of recession increased quite a bit in a past few months because we've got a hit of a lot of unlucky events." Catherine Rampell: It is just a bad luck; Americans are optimistic.
Putin is sending inflation to everyone. I don’t think he has finished yet, wait to lower yields on crops start to hit due to no fertiliser
How about we all just acknowledge inflation is nothing but price gouging and greed by the rich it is just another way they manipulate goverment and the economy to keep the power and money in their hands only
Build back better? We almost there 😆
Powell or any of these Fed should not speak…at all …. they are the founders of all bubbles.They poured an ocean load of money for speculator funds and banks to create big prices bubbles and the rich at the top to get into a feeding frenzy and then for 3 years these dummies acted as if there was no inflation in every speech and every meeting. Is it surprising they continue their incompetence?
Say goodby to 401k as markets crash like never before from Biden's failed policies.
Another failure of the Biden Regime to help Americans!
Of course we know that Helping Americans is not part of the Demonrat platform!
Lies for the feeble masses.
MEANS LEFTWING TERRORISTS AKA LIBERAL MADE WHOLE WORLD CRY DUE TO BIDEN INFLATION
Why it seems Democrats love energy suicide, ….., https://youtu.be/fqthXeXxDzY
Political Federal Reserve. Nothing was hidden.
The Fed printed money for 8 years with the so called "QE" Policy and caused this horrible inflation of up to 7%. The Feb should raise the interest rate to 8% to suppress the inflation. Why keep blaming China's Shanghai lockdown, war in Ukraine and others? Where is the responsibility of the US government?
With the high employment rates it is time to curb the government "false" inflation. It it time to reduce or remove tariffs and limits on inported goods and refined petroleum. If you put tariffs on lumber from Canada of course there is an increase in the cost of a house. How about a 5-15 percent tariff on steel, inflation. Every tariff results in inflation.
Interest rate hikes or not working. Prices skyrocketing even faster since rate increases. Since Biden has taken office the rich have decided they can make record profits and charge whatever they want. Interest rates will make no chance when prices or controlled bye the rich that keep getting richer, it will keep happening until the greed causes the second Great Depression.
The truth is, there was no way to avoid a catastrophe. (Not, this catastrophe, "A" Catastrophe.) What I mean is because of the pandemic,
There was two choices. We could either have left the economy open without lockdowns and it would have equaled more deaths but a stable future economy. OR it was to put lock downs in place which equaled a unstable future economy and less deaths.
With either of the two options we would have been fine in about a year but unfortunately a third unforeseen factor came into play, Democrats got elected and started social spending on some BS that we as a country could have gone on without. Especially during a pandemic.
Typically if you know your paycheck is going to be short you stop spending and only purchase things you need. THESE MF's Saw it coming, they knew the economy wasn't going to receive it's normal amount and what did they do? THEY WENT ON A DAMN SHOPPING SPREE. Can anyone remember what it was spent on? Do any of y'all see positive results of that spending? Ion know but like it or not, this is what tipped the scales to economic crisis.
Now, everyone's economic future and stability is uncertain as hell and people are second guessing if those lives that was saved due to the lockdowns were worth theirs as well as their kid's livelihoods.
'Inevitable' yet
But u directed that way
Thenk you democrats. You are the best US destroyers, bnot Putin, not North Korea, not China. Congrulations!
It’s not significant at all. The inflation is %8.6 and Interest rate is not even 1%. To fight inflation you have to raise interest rate above the inflation.
Leave it to CNN to “give the feds credit” when they’re the reason we’re in this situation…
The world is a lot better when bitcoin drops
The stupid never did right thing.
CNN saying people asking for a living wage is driving up prices says a lot about who controls them
who are the people going to cnn fir news ? Like I get if you're a brain dead vegetable build back better voter, but the rest…?
When they said 2 months ago the market already priced in the rate hikes 🤣
whaat the f, we dont build anything here, FACTory, what factory, in China.
labor or future jobs is the main factor.
and i am an idiot. atleast lasted to 53
BP, Exxon, pretty much all oil companies more than doubled profits. So, once again they are doing it "because they can". And it's not just the US, but the entire world is being gouged. I get the fed trying to combat inflation, but it's already too ate. $1 value menu is the $2 or $3 value menu. Unskilled workers at places like McDonald's are started at $15 an hour. So full time they make over $31,000 but that $31,000 is worth about $18,000 with the spike in costs across the board. Housing sales will tank as the fed also crashes Wall Street and erases disposable income. It was a good ride, and won't be a good fall(crash).
The U.S wants to protect dollar because Russia, Saudia Arabia and China are giving them a tough time. Nice. 😎
Have a signed copy of (Jesus) I’m good to go 💰
Oil price 1980 in April, May, Jun… was about $120, $130 $140.
$130 in 1980 is about $260 today.
Gas price 1980 was about $1, so, we have to pay the same if today oill price is $260, but now oil is only 110. So we have to pay less than 50 cents.
🙂
Uneducated CNN anchor Mat Eagan, "Fed can raise rates as high as they want to tame inflation!" Errr….no they can not, they can raise to around 4% before their own loans bankrupt them!
CANT YOU TELL THEY ARE DESTROYING. AMERICA TRYING TO.ALL SELF INFLICTING OPEN KEYSTONE PIPE LINE SAY GOOD BY TO INFLATION.IDIOT LIARS
They should have started raising interest rates in 2012. About 10 years too late.
Cheap interest rates have encouraged citizens to go out on a limb with mortgages too high and investments too risky to make income. Now as it is scaled back people are on the hook with too much debt and no savings. Disaster waiting to happen. But we certainly do need short term pain for long term gain. The fed kept its finger in the dyke too long and now can't get it out without causing a flood. I am a saver and have been waiting forever for interest rates to go up and housing prices to come down.
Such a cowardly act by the evil bankers. Their greed knows no bounds. How will this make housing more affordable? Who really believes their lame excuses for sticking it to the middle class?
Psychology says, confused minds focus on problems. Calm minds focus on solutions.
stop eating McDonalds like Russians
👨🎓THE DEMOCRATS JOE BIDEN 10 STEPS ECONOMIC RECOVERY PLAN: 1- Blame Russian president Putin. 2- Blame the no power Republicans. 3- Blame the companies’ CEO, 4- Blame the top banks. 5- Blame the microchip shortage. 6- Blame China lock down COVID-19 prevention, 7- Blame Donald Trump. 8- Sell more weapons to Ukraine to kill people and keep alive the proxy war against Russia. 9- Start a proxy war in Taiwan territory against China to keep selling more weapons to kill people. 10- Destroy anybody who does not agreed with the Democrat party’s economic plan.👨⚕
I love coming back and seeing how wrong they are..
Looks like the American Aristocrats Russia Sanction plans has backfired and is hurting them too. I told you guys America is losing its worlds grip because of weak-minded aristocrats running our stock market. Think about it, if one Black Man can bring down the American Stockmarket, how strong can America really be. The truth, is in the results and don't act like, I didn't call it, blow for blow, with my entry into TQQQ & SQQQ at $70 and told you to watch, as I took down the USA STOCKMARKET. Remember that? …. .l