The decision comes amid soaring inflation and a volatile stock market. ABC News’ Mona Kosar Abdi has more.
33 thoughts on “Fed expected to announce interest rate hike”
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The decision comes amid soaring inflation and a volatile stock market. ABC News’ Mona Kosar Abdi has more.
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With these ultra low interest rates banks still had no problem charging people 18, 20 or more percent for their credit card use.
The game of interest hike and the reason for it should by right NOT effect the Stock market unless the hike is substantial…!
The politic and financial institutions and investments companies have created red herrings to fool people and enrich themselves at the expense of the ordinary people..!
The 1929 depression in the US has taught the Govt, the Rich and the financial institutions, that they can "legally" steal one's hard earn money & savings by the creation of recession and by tampering with the value of the currencies…!
It is also used to control other countries…!
The modern day economics and financial world was created to keep a few people in control over the masses….!
The World can only become equitably just financially, if it is governed by a single currency…!
The Rich, the Captains of Industries who control the Politicians and the Politicians themselves would NEVER AGREE TO THIS PROPOSAL because it will undermine their methods of gaining more power & making more money at the expense of the billions of ordinary unassuming folks like you & me, without even lifting a finger…!!!
THIS WORLD REALLY SUCKS…!
It's time, we ordinary folk wake-up and smell the rosses…!
WE ARE ALL ENSLAVED TO A SYSTEM THAT ROBS US THROUGHOUT OUR LIVES …!!!
DO NOT INVEST BLINDLY IN THE STOCK MARKETS…!
Amazingly raising interest rates on the little guy crushing him further into debt and poverty is the way the FED controls the economy.
Amazingly raising interest rates on the little guy crushing him further into debt and poverty is the way the FED controls the economy.
Actually this could be a good thing economically speaking. It will allow corporations more interest which in theory could lower some prices because people will pay things out over time when it comes to larger purchases. It tends to calm down and stabilize markets in certain areas. Only time will tell if this is a feasible solution.
Amazingly raising interest rates on the little guy crushing him further into debt and poverty is the way the FED controls the economy.
Amazingly raising interest rates on the little guy crushing him further into debt and poverty is the way the FED controls the economy.
This administration is a complete failure and it’s only been one year.
End the FED. Jail the banksters.
Maybe Ukraine's border is more important than ours because Hunter left another laptop in Kiev.
why? just let the economy fail like they've always done under the liberals. lower the rates to negative percentages and use the taxpayers money to bail the banks out again.
Moralistic whatever
Too late no it won't
Thank you for electing Obiden idiots…
The slanted game plays on.
With these ultra low interest rates banks still had no problem charging people 18, 20 or more percent for their credit card use.
i highly doubt they will raise the rates unless it very minimal. Fed wouldnt just boldly announce something like that in one day. They will prepare markets far before actually doing it. Basically hedge funds played into this fear the media is pumping in our faces and shorted the market to scare retail out of their positions. Fed will have good news today and pump market right back up making institutions a ton of money in the process. They just purged overvalued stocks that will continue to downtrend while buying blue chip stocks that will go right back to all time highs. Dont forget 2008-2015 said they would raise rates all the time then went up from 0.15 to 1% over 8 years! what a load of bs.
Amazingly raising interest rates on the little guy crushing him further into debt and poverty is the way the FED controls the economy.
Watch the big line go down.
I have learned to watch the housing prices in Gainesville, VA. I have noticed in the past every time the housing goes up in Gainesville issues happen right afterwards. Oh boy did I see the prices go up end of last year and recently. One month beginning prices where at around 450k then the next month 550k, then next 650k. Yet in Burke, VA the prices stayed the same throughout that same period. What is it with Gainesville? This happened the last time America had issues same thing was happening. Prices shooting up, up and away. Watch Gainesville I say, those prices come down hard in that area when issues occur. I am now guessing the prices will fall in Gainesville after the interest rates increase.
I guess Peter Doocy wasn’t the “stupid sob†after all.
They need to go historically high. This 0.25% nonsense isn't going to help anyone save the upper end of the 1%. There's a huge difference between the low end of the 1% at $450k-22.3m and 50m-3.9b with tens of billions of net worth. As a bottom !%'er a 5% rate hike is far better for me than inflation. My mother who falls into the upper-lower class WOULD NOT be affected by Powell jacking interest up to 11% like it was in the '70s. These mini-hikes ONLY help the ultra rich. This nonsense about it wiping out retirement funds is nonsense. They could do 5%, 1%, 1%, 2%, 1% this year, keep it between 7% and 10% for 5 years at which point the market woould boom again, adding all the welath and then some back to retirement plans (almost all of which are 401ks that should NEVER invest in high risk stocks, and it should be criminal to do so unless clients are allowed to pick the shares themselves). This entire thing is bullshit and should have been done way back in 2008 when gas prices tripled bc of inflation instead of doubling bc of interest rte hikes to squish future inflation.
I just watched his interview from last year, and even if he would have done something then, when people were already saying he was late to the party it would have helped immensely. How can he possibly still have his job? He is supposed to look out for the majority of US citizens and protect the dollar, not the ruling class who could literally lose half their wealth and see ZERO lifestyle change. None.
Who knows, maybe he'll surprise me and do what's right, but with Congress/The House making a living off the markets, well let's just say I'd be more than a little flabbergasted.
Edit: Regarding the "Chip Shortage." This one has me a little confused. Both AMD and Nvidia sold a record # of GPUs and CPUs, at both record profits while holding a record margin. They also announced that the substrate issue that was "Plaguing the market" was at an end, somehow having tens of millions appear magically overnight as soon as possible interest rate hikes were announced, almost like they were keeping supply low to keep the above mentioned record margins, with a typical $400 GPU selling for $900-$1400 at retail. Now keep in mind that the majority of the 20m GPUs sold in the last two quarters were to Cryptocurrency miners (Primarily Ethereum whose yearly mining uses more energy than over half the countries in the world. Add bitcoin to the equation and it uses roughly the same amount as the EU minus Germany, but that's an entirely different story).
Car manufacturers did this to themselves as TSMC has also made more silicon wafers than at any other two year period in history, but they sold a huge portion of their allocation when the pandemic hit expecting people to buy less vehicles. This production was immediately bought by other companies leaving Car makers out in the cold. So I suppose there is a shortage in the auto industry, but as I said, they did this to themselves. They also don't use the same wafers Nvidia, AMD or Intrel use in their bleeding edge consumer and professional chips which are on 14nm, 12nm, 10nm, 7nm, 6nm and 5nm at the moment with Apple and some IBM custom chips on 4nm (IBM also produced the world's first 3nm a little while back, but I'm not sure where TSMC or any of the other foundries are on nodes smaller than 4nm).
Whatever the case, our Interest rate has no bearing on the chip shortage. Intel is already building two fab plants which they can pay for out of pocket if they so choose and barely dent their War chest, while TSMC is building a plant in Arizona. Global FOundry is also expanding. These are all done deals and will make the US, by far, the largest semi-conductor manufacturer in the world. The thing is, whether interest rates are at 0.1% or 9%, it still takes 3-5 years to get the plants built, then up and running. The interest rate can't speed that up as they already have as many people as possible working given the space involved. It's disgusting how they try to disillusion the every day Americans making $10k-$100k who, at worst might have to hold up for a bit on building or buying a new home, not realizing that when interest rates are this low companies just buy all the houses they can, even "Fixer-uppers" for well over market value, often before they even hit the open market for consumers, which puts the price of a new home out of reach for 95% of the country anyway. At least by raising rates it drives prices way down, allowing consumers to take advantage of both low prices and low rates when stagflation is under control t which point they can drop rates to a normal level that benefits most people. As part of the 1% I can say with all assuredy that these people are lying to you. Americans have less money in the bank now than they did pre-pandemic. The real inflation numbers are over 15%, well over wage increases, especially increases that the lower and middle class earners see.
Just for reference, at the current rate of inflation a 45 year old who wanted to retire in 20 years and expected to live another 20 would need $7.5 MILLION USD if they could manage to live on the equivelent of $40k/yr now. Yeah, that's managable for most of the US. Stop lying to people you bloody cowards (the FED and most of our government reps who are either willfully lying or incredibly ignorant to what normal people have to go through every day of their lives.).
Amazingly raising interest rates on the little guy crushing him further into debt and poverty is the way the FED controls the economy.
A little late
They don’t care about inflation more like there stocks 😅
All preplanned 🙄 We tried to warn you 2020 first day they announced COVID-19. That snowball took off and little could be shifted now.
Here we go – the same pattern occurred prior to WWII. Anybody else seeing through this gigantic false flag?
$76,000 returns in just 14days, my financial life is totally changed.🙂☺ï¸ÂÂ
'Bout time
It's the WAR wt Russia.. China is winning the Cold War.
The higher interest will trickle down to the consumers.
About time let the market crash already
Democrats desperately trying to twist the narrative and distract America from what a mess they are making of our country………