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

RFK Jr. drops surprise campaign ad during Super...

February 12, 2024

DAVID MARCUS: Elon Musk heads to the backwoods...

February 11, 2025

The Hitchhiker’s Guide to Where We Stand Tonight...

January 4, 2023

Sen. Rubio introduces bill to crack down on...

February 9, 2023

Creepy Adam Schiff Upset Liberal Propaganda Peddlers Spent...

December 17, 2022

Biden Visit to Pittsburgh with John Fetterman a...

October 20, 2022

Here We Go: Hillary Clinton Claims States with...

November 4, 2022

Extremists rise in new Palestinian Authority government as...

April 7, 2024

Global health agency on chopping block as Republicans...

January 14, 2025

Zelenskyy wants details after Trump-Putin call, lays out...

March 19, 2025

    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

    • Why AI and green tech are vital to SME growth in 2025

      June 10, 2025
    • Yes, it’s great to get PR coverage – until it’s locked behind a bloody paywall

      June 10, 2025
    • We have to act now to keep AI from becoming a far-left Trojan Horse

      June 10, 2025
    • SME lending delays slashed by 80% thanks to fintech-driven back-office reform

      June 10, 2025
    • UK defence innovation strategy opens new doors for SMEs in AI and autonomous tech

      June 10, 2025
    • Shark Tank study shows charming narcissists get funding

      June 10, 2025

    Categories

    • Business (8,172)
    • Investing (2,021)
    • Politics (15,580)
    • Stocks (3,138)
    • 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