The supersized hike brings the central bank’s benchmark lending rate to a new target range of 3.75% to 4%. That’s the highest the fed funds rate has been since January 2008. Wednesday’s decision, which comes at the end of a two-day policy meeting of the Federal Open Market Committee, marks the Fed’s toughest policy move since the 1980s and will likely deepen the economic pain for millions of American businesses and households by pushing up the cost of borrowing even further.
In addition, the statement noted that: “In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.
Democrats who use 2 Diesel heating oil for their homes might want to switch their votes from 🔵 to red 🔴 so they don't freeze this winter. Biden's cutting of fossil fuels includes zero 2 Diesel oil for heating everyones homes.
Democrats have given America; Highest interest rates in over 20 years, Is highest inflation in 40 years, Is highest gas prices in history, Unemployment just tcked up again ( Can't blame the plandemic). All due to Joe Biden's policies backed by 100% of democrats.
VOTE RED SAVE OUR COUNTRY
If your paying cash and living with in your means this does not have much of a impact on your life , would be nice if banks start paying more interest on your money considering the banks are lending your money at high rates
People are addicted to buy crap , most will not live within there means , people will continue to spend they have CC no matter the rates , I remember people having interest rates 17% people don’t care they just want it now .
The Federal Reserve is the enemy of the American people. They think what they are doing will help the American people but in reality it’s the reverse. They are making millions of Americans suffer needlessly. Fire them now!
He's determined to bring on a recession before election day.
And have you noticed how much EXTRA INCOME it is generating for the large stockholders? InflationReductionAct myass
Will you notice they give raises because of worker shortage. Corporate America raise goods costs to compensate. We lose but they say its inflation so they raise interest rates if we buy they again make more. But some can't buy so we suffer. Who wins the rich.
fjb
All these hikes because of corporation greed yet the Republicans make it easy for the less intelligent by just blaming Biden when they voted against debt relief and to reduce taxes for the wealthy so the rich can continue to get richer.
This tactic may not be working, just an observation
The dollar is too high. Lower the dollar and inflation will go down
That we have overwhelming EVIDENCE of a tampered election in 2016 - with no consequential action Yet 2020 is still raging with NO EVIDENCE Speaks to the RIDICULOUSNESS that is American Politics Gawd help us - everyone
This means everybody's credit card interest will go up because it's on the APR credit cards are from 26 to 29% interest right now what will it be now
support ukraine financially through binance USD crypto wallet. 0x818a907b36e25b8e6201c0018D4E6Fd7a76a8541
We know what the issues are, but when is CNN going to ask the Republicans what plans they have to fix things instead of just predicting that they are going to win. People won't vote Red if they knew that the Republicans have no plan. VoteDemocrat MSNBC foxnews PressSec
Please help me! My name is Lin donglong, an employee of China telecom fuzhou branch. Company manager huang fei (communist party of China) organized the leadership of the gang of evil forces brutal persecution: surveillance location, insult,abuse, framed to take nude photos of me
bunch of BS
gak usah datang....mau inflasi 20% sekalipun.... tak ada tangan politik di tempatku....
It's really a hike
2023 is about to be difficult
The top of the Fed, by raising interest rates, is killing the purchasing power of the population. They are going into debt, but they will not be able to repay the debt. This does not improve stagflation.
The US isn't making an attempt to stop the war causing global economic crises,instead encouraging it.. resulting in low income citizens&low income countries suffering. $ goes up vs other currencies,soon countries won't be able to pay in $ with reserve depletion & inflation will ^
Brandon caused all this
why let people buy houses
WTF?! FederalReserve
My IRA is getting destroyed but if that what it takes to save democracy from evil democrats well it's just money.
If such move happened in China, the news title would be 'The dictator's white glove slam 75 point in interest to rescue the collapsing economy'.
This % is gonna keep going up until companies are held accountable for price gouuging.
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Honestly curious. Is there any sign so far that this is working?
They are just making the rich richer
What exactly did the InflationReductionAct do then? 🤣
Does anyone know when the Inflation Reduction Act is suppose to start?
The main reason behind inflation is that this person harassed 🇷🇺 with orders from Biden administration to strike 🇷🇺 gas and replace it with American gas , which’s now being sold to Europeans ( stupid) at four time’s the 🇷🇺 prise . And now the magic turned on the magician.
Are you kidding we are in depression right now
The Korean prosecutor's office is an absolute power that has both the right to investigate and the power to prosecute.
It won't work
CNNPolitics These guys are fueling inflation
People have no effing clue what’s coming and how badly Biden screwed this up.
when politicians give corporations & billionaire tax breaks screwing the majority while wasting resources, aren't allocating funds into efficient infrastructures, are pocketing tax money, funding police funding education & when corporations outsource from China/India/3rd world:
I have a good idea, we should all stop shopping for a month and the price will go down...
FRB is the biggest scam and robbery of people in the history of humanity … the elites controlling the herd … admit it people we are a herd of cows, sheep, goats, chicken, birds and some rats … name it anyway you want, we have no control on anything
Biden's world .. I am voting pocketbook .. Vote Red .. and 'I ain't got no money honey' .. due to inflation and the Fed.
'15 Dayzzz to sloww spreadddddd'
Why don't you Americans support the production and productivity of the goods instead of increasing the cost of them.
🤣
A group of badhearted people came together and causing millions of people suffer. These are devils. There was no covid , no Carbon problem … these people are stealing our money officially. Price hikis. There is no problem in reality,but aconspiracy to aşk peoples pockets
President Biden put in inflation credit cards house or food is higher got Fed’s latest rate hike means credit cardholders can expect higher bills this spring;summer Warns expert Here’s how Credit Card APR will be affected Fed raising interest rates Updated Tue Oct 11 2022
At some point these increases are going to do serious damage to the real estate market
2023 is about to be real rough 🤦🏻♀️
So shocking that printing all that money is causing so many problem’s. It’s nobody’s fault no way anyone could have known that inflation is tied directly to the money supply. At least we know this now learning
At least the talk of recession was out of the conversation and the working class knows that the economy is still strong we just need to get some of these dope sick people working
No recession to see here…
Do any of you liberals understand what has created this inflation that has driven the FED to continually raise interest rates. What you have is the White House fighting the Federal Reserve to see who's going to lose and guess what it's you.
Covidiancult did this 2 yrs ago. Absolute destruction by the left wing covidians.
so 7% WSJ prime
Many people are saying “I don’t know what is going on but I approve of this if it leads to wrecking the housing market & I can buy a home for $19.99.”
Say, you never want to get sick. Being dead is the best solution. The Fed is doing the same thing. To them it is better to be unemployed and not be able to pay bills rather than paying higher prices!
Best economy in decades! -Joe Biden
Unprecedented? They lowered rates to effectively zero and negative at points over the course of a decade! What did you expect?
Well ...🤷🏾♂😹😹😹😹
People caused inflation after trump put us in a Covid depression.
🤬🤬🤬🤬🤬
“White hot”? CNN, you fuckin stink.
Smh
How's that building back better feel?
They are going to tease the market for a day or two! And have zero effect on inflation!
Brazil's communists rigged the election
JUST Great inflation now nobody will be Able to Buy a Home because it's going to cost you 6 -7 % buy one. The Democratic Party is going to make us freeze to death and the world WHEN AMERICAN COULD Supply the world WITH FUEL;Not be able to Buy Food but Supply immigrants with all
a lepoque de blaire é jounior bouge
hacer la guerra en iran y hacer como en irak pitite buge a bolé é rompli toute la a mérique
Stop the Biden admin spending endlessly and we wouldn’t have such ridiculous spending 😡😡
Breaking, cnn admits the Russian hoax was real hoax after all, they blame their factchecker for the glitch according to post on cnn+
This damn greedy oil corporations!
You are not above Twitter's Law! White House shamed into deleting Social Security boast after Twitter fact-check via nypost
eso es por culpa de rrusia aravia saudita se a provecha las 5 hermanas
acelere le eletrique o de produy renovable pas etre o chentage
Why is this happening today vs. next week after the election?
Just to remind people, this is six days before the election six days before the election. This guy, this trump guy Jerome Powell for the second time in a few weeks is trying to think this US economy before the election. Where is the outrage? Have people become numb to dumb?
This only further proves that we need to come together as a people, more than ever before!
FloodTheZoneRed 🇺🇸❣️🇺🇸 OwnTheLibs ❗️❗️❗️ Vote GOP
History repeat. 1999 high interest, high borrowing, high inflation, market crash suddenly...
The middle and lower class in America are so screwed.
What will fix our inflation would be penalties for gouging.
So far so good. We can take 8 more hikes.
It's not inflation
The White House thinks everybody's got money and that's why they're letting everything go up with inflation and gas fuel. PRESIDENT never had to worry about money because ? gave it to him
CNNPolitics part 2 of Adolf Joes desperate plea tonight
CNN should look at inflation around the world before labelling ours as 'white hot'. The new leadership at CNN doing real work for Republicans here.
CNN's latest poll, showing 75% believe econ is in recession is a condemnation of the Media and its inability to impartially inform. CNN only speaks of economic indicators that are bad - was gas prices (now not mentioned) and now just inflation - never jobs (best in decades)
It won't work
Killing Americans one rate hike at a time.
CNNPolitics This will be the tipping point which seals our destiny towards a recession
'Sleep Now in the Fire'
“white-hot inflation” what a joke CNN is.
😂😂
But wait! Nancy wants to shift the inflation conversation!! Lol
Lying Biden says we have no inflation. So STOP raising rates and ripping us off !
Fiscal chemotherapy, hoping they don’t kill the patient trying to get rid of the tumor.
Not very live laugh love of them
They are the one who are responsible to increasing inflation worldwide.. ..
ab2theking we next.
dc limited Jesus eternity
They're trying to raise unemployment.
Inflation is a global issue. USA doing better than most.
The rich get richer and the rest of us lose
How the fuck does this help? This guy needs to be fired!
World war 3 has begun and we don’t know it yet- Iran, Bella Russ and North Korea allied with Russia and China tacitly. Time to get serious about this and prepare! Now in Ukraine but spillover soon Europe Israel and s Korea, maybe Taiwan?
2023 about to be rough
Uh huh trumpRally
Let’s keep going. Make housing affordable
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