The increase marks a shift for the central bank after an unprecedented year that includes seven-straight rate hikes as part of an aggressive campaign to try and bring down the highest inflation since the early 1980s.
That would mean Fed officials expect to raise rates by half a percent more than they did three months ago, when the plot was last released. Policymakers also projected that PCE inflation, the Fed’s favored price gauge, would remain above its 2% target until at least 2025. Further projections showed souring expectations for the health of the US economy, with Fed officials now predicting that unemployment will rise to 4.6% by the end of 2023 and remain at that level through 2024. That’s 0.
You wanted biden in office…
Feds want to screw up people who want to buy a house, and defund retirement accounts of people who were relying on the income
Way to go fed's, just drive our country more into the hole. I'm ashamed of how our rulers are ruining everything.
MahsaMohammadi, a microbiology student from Sabzevar, was kind append by IR security forces 50 day ago. Shi is facing the death penalty for the useless charge of blasphemy against Islamic sanctities. Be her voice. UN CNN Can u hear us ?! MahsaAmini IranRevoIution Done..
MahsaMohammadi, a microbiology student from Sabzevar, was kind append by IR security forces 50 day ago. Shi is facing the death penalty for the useless charge of blasphemy against Islamic sanctities. Be her voice. UN CNN Can u hear us ?! MahsaAmini IranRevoIution
Thanks for nothing $$fuc king$$ a$$ holes
Hopefully fbi n doj get investigated
The growth of interest rates is an indicator of countries where banks like to live at the expense of business entities and where governments overspend at the expense of citizens. All this was unnecessary. But governments crossed the line of what is permissible, with war games.
In Iran, when they want to execute a girl, they rape her first Because they take the virginity of a girl from her, they rape her. Sometimes a group rapes a girl MahsaAmini
great, now fix venezuelas economy so they stop tring to kill us all with fentanyl.
Capitalism SUCKS
What topics are you bringing up? The standard was raised.
more BS
Rates goes up and my 401k goes down great job Dems!
CNN always reports such a positive energy of Biden… Such loyalty to our President.
Did you expect anything less from dimentiajoe
If you lower the USDollar inflation would go down
How is this helping?
Bulkshit. We are in a RECESSION.
CoryBooker PeteButtigieg
BS call.
Ohh horse crap… If they raise rates it isn’t because inflation is easing… This is going to stop growth in the short term. Kill jobs and housing…
Please highlight this ongoing manipulation. $24 Billion revenue Pharmacy business with Elixir PBM has market cap sitting at all time low $245MM. Short agencies, Market Manipulators, Ex-CEO friends are working hard to steal the company for pennies.
👇Click to reveal what they want hidden👇
I'm pretty sure inflation is not going to ease up until the poor are in jail or homeless. Which is a crime. So free jail cells for everyone!
Today ,MohammadBroghani was transferred from the general prison to line 390 in Rajaei Shahr prison this section is special for those who are transferred to solitary confinement for the execution,and since he met his mother and sister yesterday, the possibility of the execution.
That seems like a method to put conventional home purchasing out of reach for many would be owners.
Hey cnn, when are you going to cover the catastrophe at the border?
And said this will continue well into next year
7% inflation is now good to the Dems and their media.
Which signs are actually emerging? Inflation easing? Please show me the signs!!! I've looked everywhere..where did you hide the signs?
How much money did Maxine Waters get? Where did all the money go? Need to investigate all these corrupt politicians
They'll be a recession as long as The big guy is pres
The government is killing us 🥴🥴🥴🥴🥴
That isn't less aggressive, the rates are still very high and it was a hike on top of that. This is aggressive.
Inflation is easing? No. Illegals are replacing Americans in the workplace. Put an American on unemployment, put in a legal in the job, and still save money. Do the math.......
One week after killing MohsenShekari now the Islamic Republic is making an attempt on another protester’s precious life. MohamadBroghani is only 19 years old and his life is in serious danger. Please be his voice. StopExecutionInIran MahsaAmini
Raise them higher Jerome. No one cares. It's just money. It's not like struggling familes matter.
More lies. The credit and housing market are likely collapsing this coming year, The worst of the intentional destruction of our economy hasn't even started.
The Biden Administration is taking a victory lap over the inflation rate being 7.1%. Just a casual reminder that it was 1.4% when Joe Biden took office.
The sky is green
What are you talking about? They raised the benchmark.
Only accomplishment !
The Fed raises interest rates so that’s a sign inflation is easing. 🤡🤡
Jay Powell is killing me slowly
Feds really don’t want me to buy a house right now.
inflation isn’t easing
Propaganda
Inflation eases as people stop buying - basic supply and demand. The question is does this usher in a recession? Or do we see normal growth?
Reporting by Far-Left CNN.
kool ade
They will lower it next year.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN - 🏆 4. / 95 Read more »
Source: CNN - 🏆 4. / 95 Read more »
Source: CNN - 🏆 4. / 95 Read more »
Source: CNN - 🏆 4. / 95 Read more »
Source: CNN - 🏆 4. / 95 Read more »
Source: CNN - 🏆 4. / 95 Read more »