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

Future Retirement Success

Politics

BIDEN ECONOMY: FED Increases Interest Rates Again – This Time Nearly One Percent (.75%) – The FED’s Only Answer for Inflation

by November 2, 2022
November 2, 2022
BIDEN ECONOMY: FED Increases Interest Rates Again – This Time Nearly One Percent (.75%) – The FED’s Only Answer for Inflation

Biden’s Federal Reserve Chief Jerome Powell and the FED increased the FED Funds rate again today. 

The Biden team’s only answer to the 40-year-high inflation rates is to increase interest rates to try to contain this record-setting inflation.

The Daily Caller reports:

The Federal Reserve announced an interest rate hike of 0.75 percentage points, bumping the range of the federal interest rate to between 3.75% and 4% following a Wednesday meeting of Fed policymakers.

The rate hike matches investor expectations and is the fifth consecutive hike since March and the fourth at this aggressive pace since June as the Federal Reserve attempts to cool the economy and blunt persistently high inflation, The Wall Street Journal reported Tuesday. All eyes are now on the Fed’s December meeting, with investors debating whether the Fed will continue at its aggressive pace of 0.75 percentage point hikes or slow to 0.5 in a bid to ease the pressure on an economy an emerging consensus of analysts say is heading towards a recession.

Some investors were hoping the Fed would begin a “pivot” towards reduced rate hikes in December after various signs that the economy was beginning to slow, Reuters reported Tuesday. However, following a Bureau of Labor Statistics report Tuesday that showed an unexpectedly strong labor market, with job openings in September nearly recouping an August decline, some investors believe the Fed will likely see itself as having more work to do in prompting a slowdown.

A month ago TGP reported that the rate increase today was expected.

Alarmed by Rapid Price Increases and Persistent Inflation, Federal Reserve May Raise Rates Another 75 Basis Points Next Month

In reaction to the news, the markets are down.  The FED voted unanimously to increase the rates today:

By a unanimous vote, the Fed hiked its rate by 0.75 percentage points to a range of 3.75% to 4%. That’s the highest level in 15 years.

In new language, the Fed said it expects to continue with further rate hikes “until they are sufficiently restrictive” to return inflation to 2% “over time.”

What the FED doesn’t state is that inflation was around 1% under President Trump. 

 

The post BIDEN ECONOMY: FED Increases Interest Rates Again – This Time Nearly One Percent (.75%) – The FED’s Only Answer for Inflation appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
WATCH LIVE: Kari Lake’s 14th Ask Me Anything Tour In Scottsdale, AZ With Trump-Endorsed Blake Masters And Abe Hamadeh
next post
Get Warm And Cozy Bedding From MyPillow With An Amazing Sale (Up to 65% Off!)

You may also like

GOP planning bill to curb ‘silent killer’ of...

January 11, 2023

FBI agents’ association ‘optimistic’ about AG Bondi despite...

February 7, 2025

The Funding of Democrats’ Corrupt Slush Fund, the...

October 21, 2022

Who is Pierre Poilievre? Canada’s Conservative leader seeking...

January 6, 2025

McConnell in talks to endorse Trump in 2024...

March 6, 2024

Tulsi Gabbard to Joe Rogan: Democrat Party is...

October 13, 2022

Official portrait of Arkansas Gov. Hutchinson unveiled

January 4, 2023

Gen Z House Democrat says he regrets not...

November 10, 2023

Top Senate Intelligence Dem grills Gabbard if Edward...

January 30, 2025

Hunter Biden’s rejected plea deal puts Justice Department...

July 27, 2023

GOP planning bill to curb ‘silent killer’ of...

January 11, 2023

FBI agents’ association ‘optimistic’ about AG Bondi despite...

February 7, 2025

The Funding of Democrats’ Corrupt Slush Fund, the...

October 21, 2022

Who is Pierre Poilievre? Canada’s Conservative leader seeking...

January 6, 2025

McConnell in talks to endorse Trump in 2024...

March 6, 2024

Tulsi Gabbard to Joe Rogan: Democrat Party is...

October 13, 2022

Official portrait of Arkansas Gov. Hutchinson unveiled

January 4, 2023

Gen Z House Democrat says he regrets not...

November 10, 2023

Top Senate Intelligence Dem grills Gabbard if Edward...

January 30, 2025

Hunter Biden’s rejected plea deal puts Justice Department...

July 27, 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

    • Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

      May 9, 2025
    • White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days

      May 8, 2025
    • GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • Los Angeles Corruption

      May 8, 2025
    • Trump considers tax hike on Americans making $2.5 million or more per year

      May 8, 2025

    Categories

    • Business (7,921)
    • Investing (1,942)
    • Politics (15,151)
    • Stocks (3,067)
    • 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