The supersized hike, which was unfathomable by markets just months ago, takes the central bank’s benchmark lending rate to a new target range of 3%-3.25%. That’s the highest the fed funds rate has been since the global financial crisis in 2008. Wednesday’s decision marks the Fed’s toughest policy move since the 1980s to fight inflation.
Core Personal Consumption Expenditures, the Fed’s favored measure of rising prices, is projected to hit 4.5% this year and 3.1% in 2023, the Fed’s SEP showed. That’s up from June projections of 4.3% and 2.7%, respectively. Perhaps most important to investors seeking forward guidance from the Fed is the projection of the federal funds rate, which outlines what officials think is the appropriate policy path for rate hikes going forward.
This will further create economical recession, the only people affected will be everyday Americans paying astronomical amounts for daily necessities. America's economic stance is at the worst its been for various years and the democrats will continue to deprive our country.
So
It's because of BRIC. 😁
Won't matter to the everyday American who is paying double for meat and other goods. Y'all let me know when a Lb. of bacon is no longer $15.
Unless corrupt American European and ukplc stop promoting war on earth. .we will ensure their stock markets are shorted to death. .thats our challenge. .no fvuking western leaders will be able to save them from our shorting
Gotta have money to make money.
It's not stubborn. It's capitalism. Congratulations you played yourself. Noone wants to move in Hope's the government bails them out or another area of the economy collapses and can't be leveraged against other areas... capitalism will be our own undoing...
Will not help the comming recession… oil just $80 but you don’t hear biden taking credit for that because oil is dropping because of the recession so now his administration says he should not continue to say he did that !
All that money that President Biden gave in school loans had an affect on inflation. Another example is giving money to Ukarine for aid. Why is that by giving away money the president Biden doesn't realize that inflation will keep going up. When is the president going to help us.
So much for the inflation reduction bill of Democrats which ironically has no effect at all on inflation!
Poor Americans another interest rate hike! Looks like US is going into recession or already in recession.
What about this?
This will likely cause some economic discomfort for many Americans because many thinks will increase in price before they begin to lower again. Will this cause Americans to think inflation is the Governments fault? LuiggiDonayre econ_ta EconUMD
Bad Dad for Fed Chair:“Bat Dad feels no feeer, Bat Dad feels no PAIN!”
The fed can't stop inflation because it a mental illness its called GREED They can only hurt the poor!!!!!!
There will be pain anytime you shut down an economy … the pain was delayed because of PPP, etc…but can only be delayed for so long… the Fed waited too long to raise (the left cared more about 1/6 instead of pushing the Fed to raise in early 2021) so now…pain
Which is worse? The inflation or the higher rates? That should be the topic.
Perhaps some of the prices of cars, houses and such will finally decrease. We may have gotten a cheaper loan but we paid double for the price of that car or house…why… because they could .
Nobody cares what the black woman has to say 🤣
Great job libs! Keep hysterically focusing on Donald trump rather than your fucking job.
Not if we are at a fixed rate!?
The Iraninan people need your help . Government is killing the protesters and People have been cut off from the internet .Please help them .Please be their voice mahsaamini
Ah well. Shouldn’t have bought above your means. Look forward to buying a used nearly new car and home soon
Fixed loans are important. If the fed does nothing you will screech about prices. If they do something you will screech about rates.
And if the FED doesn't do anything CNN will continue negative news coverage about how high inflation is and question why the FED isn't doing anything to bring it down.
Oh well
Still feel hurting lower income. No surprise there.
Biden's got two more years... Imagine the great things yet to come
Also CNN 'Solve inflation NOW'!! NO NOT LIKE THAT!!
I refinanced my house last year at 2.75%, rates are now over 7%. It really does blow my mind. The monthly payment now would be 65% higher.
😂 only a clown 🤡 will think raising interest rates will help this flawed financial system. What a mess… we need to get ahold of these clowns 🤡. By 2025 we will be paying around $1 trillion dollars annually just on our interest payments on our debt. Our system is dead 💀
MAGA
Yep and why don't they mention the fact that the middle class who Biden claims he is working for has lost millions in their 401k's.
Bidenflation!
Inflation is caused by useless GOVT spending nothing more nothing less.
Stubborn inflation. Bring on Trump lawsuits!
Will someone PLEASE take the checkbook away from Biden and Congress. When the checking account is overdrawn, and you are incapable of balancing a budget, How can you continue to spend and give money away? Even a teenager knows that!
say his name
Andddd did you include why the inflation is where it is and why it’s stubborn
MahsaAmini
S.O.S rejime restricted internet in iran. please dont leave us alone. i know our lifes not important for you, but for humanity and peace please do something, they killed people in every citie's on streets of iran. please do something know. Mahsa_Amini
Right now, the Islamic republic regime in iran has started shutting down the Internet. This is a well known first step to mass murdering The protestors. We need worlds attention. Please be our voice 🙏 مهسا_امینی MahsaAmini OpIran IranProtests2022 IranRevolution
MahsaAmini iran OpIran help iran 🙏
City of Sanandaj in iran announced as war zone by islamic republic regime. They attacked protesters by Tank and helicopters, internet has been disconnected from morning. Please be their Voice. MahsaAmini
Be Iranian voice sosiran Mahsa_Amini
Every country around the world is dealing with this , not just America , its a sign of the times we will get through it just like we got through the pandemic , America loves our great president Joe Biden , working hard for the people and getting things done 🤔🇺🇸👍🌎
MULLAHS are restricting access to the Internet in IRAN to make communication between people harder. They are killing people on streets. Pleas be our voice. MahsaAmini
the iranian people have been cut off from the internet while world leaders are meeting at the united nations. please be their voice. Mahsa_Amini مهسا_امینی
Corrupt media corrupts people. IranProtests
IRI regime shooting protesters right in the head while the terrorist Ibrahim raeisi is welcomed in newyork MahsaAmini مهسا_امینی
Everyone will cry 'incompetence!' when this is the willful decimation of the 99%. It's all a policy choice. And he's a dismal failure to the people. He put the money in the hands of the Parasite class instead of the DRIVERS of the economy. And we let him. Shameful.
Stubborn Inflation = this administrations self inflicted inflation. Fixed it for you.
Biden didn’t cause this mess, easy money with low interest rates caused the flood of dollars and the failed Trump administration’s response to the pandemic contributed mightily to the inflation the nation is now experiencing!
Trump 2024
As usual the republicans run the economy into a ditch to give unwarranted tax breaks to their benefactors; and, expect the democrats to save the economy!
Get it over with once and for all and don’t let interest rates as low as they were when Trump influenced you to keep them unreasonably low to make him look good!
TheWednesdayService 환란 전에 메시아께서 오십니다. 휴거를 준비 하십시오. 👇
the iranian people have been cut off from the internet while world leaders are meeting at the united nations. please be their voice. mahsa_amini
This stellar move is going to kill jobs, industry expansion, health and well bing of citizens… But we send billions to who knows where or hire useless Federal employees…
Waiting for that call from stock broker next…….
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CNNPolitics People of the world… I am Iranian and I live outside of Iran, the Iranian government cut off the internet a few hours ago… to make the genocide of my people easier… Please be our voice… MahsaAmini IranProtests OpIran
This doesn't curb inflation. It makes people stop buying shit all together. Which puts people out of work. Only the wealthy make out in the end.
People of the world… I am Iranian and I live outside of Iran, the Iranian government cut off the internet a few hours ago… to make the genocide of my people easier… Please be our voice… MahsaAmini IranProtests OpIran
The inflation is so stubborn. Definitely not anything to attribute to the politicians in power. It’s the inflation…just has a mind of its own. Or maybe it’s Putin. Not sure. Just please don’t blame Democrats. They passed an “Inflation Reduction Act.” So they did their best.
The socialist dems attack on oil and natural gas is limiting supply of both and is directly causing inflation. The Fed can't fix supply and continued rate hikes will destroy the finances of all Americans and companies. Vote of damn demn out of office.
Roaring twenties again.