3/4 point rate hike

goat said:
We're in a '70s type of stagflation. The difference is the factories are gone and we're left with a gig economy. Zoomers made it clear they don't want those jobs. Stop trying to blame covid for a broken system.
Click to expand...

Quit trying to pretend you have a clue about what’s going
 
The right claims this should be higher?



Sooner?



Tell us when and how much?



The Ukraine war effect has been going on how long folks?
 
evince said:
All you shits have is random youtube shit made by no one knows who



What fucking dupes
Click to expand...

You can deny it like the Bushers did; It's still coming. You can't stop it. The guy who started it (Biden) couldn't stop it now if he wanted to. (he doesn't)
 
evince said:
Quit trying to pretend you have a clue about what’s going
Click to expand...
Workers have been in a recession for 13 years and it will get a lot worse before it starts to get better again. Layoffs, foreclosures, food shortage and riots are our future.
 
Fed unveils biggest rate hike since 1994

WASHINGTON, June 15 (Reuters) - The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing economy and rising unemployment in the months to come.

The rate hike was the biggest announced by the U.S. central bank since 1994, and was delivered after recent data showed little progress in its battle to control a sharp spike in prices.

https://www.reuters.com/markets/us/...lation-fight-with-sharp-rate-hike-2022-06-15/

S&P, Dow, Nasdaq all going up. That's good.
 
The problem with raising interest rates is that it's a two-edged sword. On the one hand, raising them will help control inflation. On the other, debtors will find it harder to stay afloat and may well be faced with higher payment rates on their debt. This would include the US government paying on the national debt as bond interest will increase meaning the government will have to pay bond holders more.

Of course, the fed in a sense backed themselves into a corner by lowering the prime interest rate to essentially zero. There was nowhere left to go but up.

If you can recall back to the Carter era, interest rates were skyrocketing and they both slowed the economy and inflation while at the same time made getting a loan or other capital hard to do. If you were awash with cash you made bank, if you were in debt you got creamed.
 
T. A. Gardner said:
The problem with raising interest rates is that it's a two-edged sword. On the one hand, raising them will help control inflation. On the other, debtors will find it harder to stay afloat and may well be faced with higher payment rates on their debt. This would include the US government paying on the national debt as bond interest will increase meaning the government will have to pay bond holders more.

Of course, the fed in a sense backed themselves into a corner by lowering the prime interest rate to essentially zero. There was nowhere left to go but up.
Click to expand...

You hate everything about America huh
 
The feds control the rates



Why?



Because it’s a great tool to manage the economy

Only idiots want that power ended
 
You must log in or register to reply here.
Back
Top