Another big rate hike is coming. Lather. Rinse. Repeat | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The Federal Reserve’s upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point for the third consecutive time, to 3%, or it will hike them by an unprecedented one full percentage point to 3.25%. But what happens after that is anybody’s guess.

” As for the US, he said “the macro outlook looks less negative than in Europe” but that “restrictive policy and below-trend growth are needed to tame inflation.” It’s all serving to be a rude awakening for investors, who had been hoping Fed chair Jerome Powell could finally clip his inflation hawk wings and start flapping more like a monetary policy dove instead.

WorstPresidentEver

We're 5 heartbeats away from becoming the Greatest Third World Country in the World...

If you’d seen the Casinos inside the Bellagio today, it’s not unsurprising. Vegas epitomises all that’s wrong with America.

Republican Powell’s every move to combat the inflation will only hurt the most vulnerable

~ had to charge an expensive car repair, but gonna pay it off before interest with money from a withdrawal from an ira that i opened up five years ago that was a withdrawal from a 401k for the purpose of intermittent transfers to help get me thru some lean years… but taxes ugh.

SPIT OUT THOSE HOT DOGS ARE HORRIBLE

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