Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

JUST IN: Federal Reserve Raises Interest Rates by Another 75 Basis Points to Fight Bidenflation (VIDEO)

by September 21, 2022
September 21, 2022
JUST IN: Federal Reserve Raises Interest Rates by Another 75 Basis Points to Fight Bidenflation (VIDEO)

The Federal Reserve on Wednesday raised interest rates by another 75 basis points – or 0.75% to ‘fight’ Bidenflation.

The fed funds rate is now in the range of 3% to 3.25% – the highest since 2008.

30-year fixed rate mortgages already hit 6.25% last week.

The Dow tumbled 100 points as the Fed pledged to keep raising interest rates.

CNBC reported:

The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level.

In its quest to bring down inflation running near its highest levels since the early 1980s, the central bank took its federal funds rate up to a range of 3%-3.25%, the highest it has been since early 2008 following the third consecutive 0.75 percentage point move.

The increases that started in March and from a point of near-zero mark the most aggressive Fed tightening since it started using the overnight funds rate as its principal policy tool in 1990. The only comparison was in 1994, when the Fed hiked a total of 2.25 percentage points; it would begin cutting rates by July of the following year.

Along with the massive rate increases, Fed officials signaled the intention of continuing to hike until the funds level hits a “terminal rate,” or end point of 4.6% in 2023.

THE BIDEN DEPRESSION-

The Atlanta Fed predicted the GDP will have NEGATIVE growth for the third straight quarter this year.

The recession is real. Depression is increasingly likely.

The August inflation rate came in hotter than expected at 8.3%.

Democrats blew another $700 billion in a green energy spending bill and called it the “Inflation Reduction Act” in August.

Joe Biden calls this “progress.”

Federal Reserve Chairman Powell delivered remarks on interest rates:

The post JUST IN: Federal Reserve Raises Interest Rates by Another 75 Basis Points to Fight Bidenflation (VIDEO) appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Coalition of 24 State Attorneys General Send Letter to Credit Card Companies for Violation of Second Amendment Rights
next post
The Ord Oracle September 20, 2022

You may also like

Haley fires back at Biden, Trump, DeSantis at...

January 9, 2024

Biden’s pick for ambassador to Israel is so...

October 30, 2023

It’s Happening! International Banks Begin Moving Billions in...

October 27, 2022

NYC mayor says COVID mandates may need to...

February 13, 2023

Schiff Gives Ridiculous Response When Asked If He...

November 27, 2022

Sens. Rick Scott, Elizabeth Warren propose to replace...

March 23, 2023

Hamas terrorist tells Israel authorities mission Oct. 7...

November 2, 2023

Dem rep says she was ‘angry at first’...

July 24, 2024

Trump to travel to New York City Monday...

April 1, 2023

Pentagon’s AI plan must include offense and defense...

July 18, 2023

Haley fires back at Biden, Trump, DeSantis at...

January 9, 2024

Biden’s pick for ambassador to Israel is so...

October 30, 2023

It’s Happening! International Banks Begin Moving Billions in...

October 27, 2022

NYC mayor says COVID mandates may need to...

February 13, 2023

Schiff Gives Ridiculous Response When Asked If He...

November 27, 2022

Sens. Rick Scott, Elizabeth Warren propose to replace...

March 23, 2023

Hamas terrorist tells Israel authorities mission Oct. 7...

November 2, 2023

Dem rep says she was ‘angry at first’...

July 24, 2024

Trump to travel to New York City Monday...

April 1, 2023

Pentagon’s AI plan must include offense and defense...

July 18, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Meet ‘China’s man in Lima’ who jetted over to US to collect trains donated by Biden admin

      July 12, 2025
    • Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

      July 12, 2025
    • Could Butler happen again? Former Secret Service agents weigh in on political violence in 2025

      July 12, 2025
    • DAVID MARCUS: Trump is flunking his MAGA base’s Jeffrey Epstein test

      July 12, 2025
    • A Deep Dive into Duron Ontario Ltd.’s Construction Career

      July 12, 2025
    • One in six UK workers struggling to pay bills as second jobs hit record high

      July 12, 2025

    Categories

    • Business (8,456)
    • Investing (2,118)
    • Politics (16,014)
    • Stocks (3,205)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved