Fed raises interest rates another half point, slowing pace of hikes

The Fed's headquarters building in Washington. Photo: Graeme Sloan/Bloomberg via Getty Images

The Fed's policy committee, following a two-day meeting, raised their federal funds rate target range to between 4.25% and 4.5%. In a statement announcing the move, the committee said it anticipates “ongoing increases in the target range will be appropriate” to bring down inflation. Two officials anticipate GDP will contract between Q4 2022 and Q4 2023, implying those officials think a recession is more likely than not.The central bank has sent financial markets reeling and raised the odds of a recession with its campaign of rapid interest rate increases — including four straight meetings featuring 0.75 percentage point rate hikes, the most in modern times.

The federalreserve ANYTHING but taxing Corps for their windfall or Billionaires who dodge taxes.

I recently read that about 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth. I bet they all voted for Joe Biden.

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U.S. inflation slows again, CPI shows, as Fed prepares to raise interest ratesThe cost of living rose a scant 0.1% in November, the latest in a string of mild readings that suggest the worst U.S. inflation in 40 years is receding. Economists polled by The Wall Street Journal had forecast a 0.3% increase in the consumer price index. All base effect If we get 75 the market will crash. Stop listening to your financial advisor and pull your money out.
Source: MarketWatch - 🏆 3. / 97 Read more »