Fed Raises Interest Rates for First Time Since 2018

[BidenPresident]

Quarter Point Increase, With More Expected as Inflation Persists
The Federal Reserve penciled in six more rate increases in 2022 to combat inflation. The Fed chair explained the decision. Catch up on news from the meeting.

https://www.nytimes.com/

 

[Hawkeye10]

Way too little, Way too late.

 

[BidenPresident]

Way too little, Way too late.

Why?

 

[BidenPresident]

Fed hikes interest rates, signals aggressive fight to curb inflation

WASHINGTON, March 16 (Reuters) - The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic risks posed by excessive inflation and the war in Ukraine.

The U.S. central bank's Federal Open Market Committee kicked off the move to tighten monetary policy with a quarter-percentage-point increase in the target federal funds rate, lifting that key benchmark from the current near-zero level in a step that will ripple through a variety of other rates charged to consumers and businesses

https://www.reuters.com/world/us/all-systems-go-feds-liftoff-us-interest-rates-2022-03-16/

 

[Jack]

... and Stock Market takes off.

 

[BidenPresident]

... and Stock Market takes off.

Yes, indeed.

 

[Jack]

Yes, indeed.

Is it the War in Ukraine?
Inflation?
Biden?

 

[BidenPresident]

Is it the War in Ukraine?
Inflation?
Biden?

The Fed. Biggest surge I've seen in a while. Thank goodness.

 

[Jack]

The Fed. Biggest surge I've seen in a while. Thank goodness.

So. Higher Interest Rates ... means MORE spending by Consumers?

 

[BidenPresident]

No. Cost of borrowing money goes up.

 

[Celticguy]

The Fed. Biggest surge I've seen in a while. Thank goodness.

it jumped because it was too little, too late. this assures worse inflation so that the fat cats continue to get fatter at our expense.

 

[Celticguy]

No. Cost of borrowing money goes up.

and that means it will become impossible to pay the debt service except by printing money.
read up on Zimbabwe to see what that looks like.

 

[T. A. Gardner]

Just remember, as interest rates increase, they also do so on the national debt. The danger in that is hyperinflation.

 

[BidenPresident]

it jumped because it was too little, too late. this assures worse inflation so that the fat cats continue to get fatter at our expense.

wow.

 

[BidenPresident]

and that means it will become impossible to pay the debt service except by printing money.
read up on Zimbabwe to see what that looks like.

Right, Zimbawe. Just like the US.

 

[Lightbringer]

Quarter Point Increase, With More Expected as Inflation Persists
The Federal Reserve penciled in six more rate increases in 2022 to combat inflation. The Fed chair explained the decision. Catch up on news from the meeting.

https://www.nytimes.com/

So what? Inflation is a lie.

 

[RB 60]

So what? Inflation is a lie.

Rising interest rates only slows consumer spending.

When was the last time you filled your truck? Diesel fuel is at an all-time high.

 

[Lightbringer]

Rising interest rates only slows consumer spending.

When was the last time you filled your truck? Diesel fuel is at an all-time high.

That's not inflation, that's collusion.

 

[Hawkeye10]

Why?

Because we are ruled by infants.

Buckle Up.

 

[RB 60]

That's not inflation, that's collusion.