U.S. Federal Reserve raises interest rates by half a point | CBC News

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The U.S. Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signalling more hikes to come.

The Associated PressU.S. Federal Reserve Board chair Jerome Powell is pictured in January in Washington. Powell and other Fed officials have said they expect to keep interest rates at their peak for an extended period.

 

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The Fed and the BOC created the problem with collusion with their corrupt governments and now normal people will suffer 😡😡

To cope with transitory inflation

Just eat it everyone. Nothing you can do. Governments have our financial best interests in mind. Just look at the tax increases coming. They care. They say an unprecedented time caused this. But they can’t change course on taxes. Make it make sense…….

How long before the whole Ponzi collapses?

defund corrupt

Has no issues with stock buy backs, exec compensation, non enforcement of anti monopoly behaviour etc… but goes nuclear when workers try and keep their heads above water.

That isn’t how you fight inflation

Isn’t it just great that we have spend thrift governments. With nothing to show for it. You could blame covid. But they mandated the closures with no scientific evidence. The taxpayer is on the hook as usual for bad decisions.

Why were interest rates so low for nearly two decades? This is the reason we have inflation and a housing bubble in the first place. RichGetRicher

Biden's Inflation Reduction Act worked well didn't it? So much for 'transitory'. Legacy media pretty silent on these points. Why is that?

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U.S. Federal Reserve set to extend inflation fight with 7th rate hike of 2022After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation. Increasing Interest Rates = Increasing Inflation, how does no one get this? When you hear that increasing interest rates is helping to fight inflation that is code for CEO's and Company Presidents are protecting their pay checks.
Source: CTVCalgary - 🏆 26. / 68 Read more »