Fed raises interest rates 0.25%, hitting a 22-year high
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- čas přidán 29. 08. 2024
- The Federal Reserve hiked interest rates by a quarter point, bringing the Fed's benchmark interest rate to a 22-year high of between 5.25% and 5.5%.
Fed raises interest rates 0.25%, intensifying inflation fight despite cooling prices: trib.al/aiKCSPM
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He keeps raising them, just like food, gas, water. They really want us to be poor.
That was the whole intention of fed reserve when it took over theb country by the true elites. Both parties controlled ever since 1913
This Prez is not trying to bully the Fed like last one did to make short term gains for lenders and big banks.
What has the new Congress done to assist holding inflation down? ...Nothing ! More concerned about Hunter, 'Jewish space lasers', & UFOs.
Federal Reserve needs to be abolished. They haven't made a correct move since being established in 1913. We all live under Woodrow Wilson's monetary policy of the cental bank economy and it's thwarting the American society from growing. The FED is controlled by a few and functions independently of the government. Abolish this institution now.
I told everyone this would happen. We elected a president who cut taxes and increased government spending while interest rates were historically low. That option is usually reserved for an economic crisis and than pandemic hit so we had increased government spending even more while interests rates were still low. There is no fixing this mess because companies aren't investing in labor
Read Eco 101. You can't live in debt and keep printing money forever. During Trump years rates were kept artificially low to prop up the stock market, lenders, and big banks. It's reckoning time to slow more inflation or a recession. Debtors and borrowers have temporarily fared well, up to now.
It"s finally time that SAVERS can benefit.
One man does not control the free market. The ex-Prez tried to control the Fed for short term benefit.
labor in USA? are you joking?
Interest rates are still too low - it should be closer to 9% if they want to reduce inflation.
@@SSGoatanks Sounds more like an economist talking truth now. Not popular but necessary.
its time to cut"unecessary" government spending
No, Congressional Republicans need that money to investigate Hunter, UFO's, and to defend Trump, with tax dollars, by attacking and investigating those in the state and Federal justice systems holding him accountable.
WHY? … what the hell for?
This means our credit card payments will go up, less will go towards principal, as well as mortgage payments will go up less towards principal. This is ridiculous. This is hurting the American people not helping, and certainly not helping the economy.
How did you vote?
@@gab4690Jerome Powell was appointment by Trump
Regarding credit cards, you should only be charging the amount you can pay back in full within 30 days. It can go up 200% I could care less. I don’t carry balances.
@@VictorMartinez-zf6dtPowell is forced to react to the Biden economy!
OMG, you are not suggesting "accountability" for our own financial decisions are you?
That's the problem with corporate promotion of plastic card consumer debt (our latest drug). Sometimes you just have to say NO to more debt. That's what the Fed is doing.
How will trans kids afford t blockers. This is not right
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Onlyfans
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I'm about to throw up.
Before you do forget your party affiliation for a while. Buy a micro and macro Economics book , and read it.
Gotta make sure the have notes cannot access any money
Inflation at 3%? 😂😂 where do they get these magic numbers from!?
The price of everything has doubled and is still going up… hardly 3% per year
Correct, prices have doubled under Biden and still going up by 3%. Biden didn't lower inflation.
Real state crisis ahead.
Cant wait. Want to buy a cheap house with cash. Then retire.😁
Private equity groups and hedge funds buying up land and houses all over the US are the ones jacking up housing prices. They are living in luxury in this self created bubble. Every bubble pops. In the end this may help housing prices. It may even help local realtors again.
We’re screwed. On this rate No way I can pay my debt in the next 30 years
If you have a fixed rate loan this doesn't affect you, it also doesn't really affect credit card rates, because they're mostly market rate and capped by state usury laws. This mostly affects business type loans, car loans, and some mortgages
The FEDS sux!!!
Didn't the Fed get the memo about the Inflation Reduction Act? Inflation is not supposed to be a problem anymore, so why are rates still going up?
You mean the law that Republicans voted against and are attempting to disassemble?
Economics 101 can explain a lot......that is if your state hasn't banned that text book along with the History and Science ones too.
Only retards think that raising rates stops inflation. The only thing thst stops inflation is if they stop creating money out of thin air
This aint about inflation chief
At least he and yellen were spot on regarding transitory inflation.
🤣😂🤣😂🤣
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Shoddy coverage. They'll be raising every month indefinitely
How's that when it's a quarterly function??
Red states must be burning Economics books along with all those History and Science ones.
Create national social bank to lend money to unemployed, to those who need medical treatment to pay medical fees, to those need education and skill education to pay education fee. National social bank will provide a safety net and security for people to allow people to spend money with less worry and use more savings to help boost consumption. Poor people do pay back loans and by adjust terms and conditions of loan will help people pay back loans. Beside, government have the obligation to help and pay for the poor to uplift them. This will offer loans to poor without collateral and guarantee and allow poor to access to many services.
So how does an unemployed person pay back a loan?
@@rack9458 Learn a skill with education loan and get a job and use his salary to pay back. Or after a period of time of unemployment, he can get a job himself.
They should've raised the interest rates to 12% right in the beginning....then we'd been over with all this by now.
Uh, no. That would've triggered a wholesale crash on a scale never before seen.
When the government tries to fix the economy on the backs of working class people.
O.k., Let's let the banks and a few major big corporations (like Wallyworld and the service industry) run the show and see how "working people" fare.
11 interest rate hikes in 2 years?….FJB
Yay, an increase in foods & goods. Just what we wanted 😑💸💸💸
Rate hike doesn't mean that. It means an increase the interest rate charged, the aim is to lower the money supply and reduce inflation.
@@VictorMartinez-zf6dtit will indirectly affect prices
Bidens doing such a great job😅😅😅😅
@@gab4690 when Trump was president, everyone was stuck in their homes for almost 2 yrs 🙄🙄🙄🙄
If you were a republican or moderately conservative you would believe in the free market and the law of Supply & Demand. The companies will adjust prices based on your consumption. Do not blame or credit a Biden or a Trump for food and fuel prices.
I don't have to tell you what you already know. Interest rates must increase.
17
Its why gas went up
No
Supply & Demand (and a little possible regional price fixing by GOP oil executives to bump a small temporary profit).
This is good news for future generations. The more interest rates go up, the more home values will DECLINE. God bless, America.
home value decline is a good thing. Stop thinking short terms. The real problems lie in not having actual economy and heavily depend on a paper economy
This is good news for future generations. The more interest rates go up comma the more home values will DECLINE.
The price might go down but the richer people will buy their 3rd, 4th and 5th house to keep supply low, which in turn will keep prices high. I bought my house in 1997 at 8.5% doesn't bother me paying 8.5% again if house prices fall.
Buying a car now forget it and or a home we are screwed. Damn Biden and this crappy government.
Biden does not control the Fed. Try saving a few dollars, savers can make a little interest now. It's high time to turn off the money printing machine and enriching the big lenders.
Nov 1st 2023 is the next escalation announcement , they won't pause again
This is not about inflation is it
I don’t think people understand that in the long term this will positively affect the general populace. If you already have a fixed rate this doesn’t affect you.
How is this positive for most people?
@@rack9458 Good luck getting an answer!
Not everything is a fixed rate. The banks make most of their loans variable rates to screw the poor and middle class!
@@rack9458this moron isn't going to answer he/they/it/what is a moron they just say random things and have zero idea what they are talking about
Things were better under trump....I'm black and I mean that....
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This is all Adam Schiff fault😊
We thought it was John F Kennedy Jr's. 😂😂
I'd be better living in a cardboard box in the streets that way I don't have to pay taxes
Bidenomics hard at work.
Keep talking how bidenonimcs is doing so great sheep.
They will blame it on Trump 😂
NO, he was totally innocent of bullying his appointee, Powell, to artificially hold interest rates down to make himself and the stock market look good. Printing more easy money, running up consumer debt, highly enriching lenders, etc eventually has a reckoning.
The macro economy is much greater than any one person, regardless of personal motivation.
@sandburgmartin7947 go eat a snickers and calm down pansy. It will be just fine.