Fed raises rates, 75 basis points

[Rocko]

Not really a surprise, but still news worthy

 

[evenflow1969]

Not really a surprise, but still news worthy

It's to much.

 

[Augustine_]

Decades of ongoing and complete failure in the legislative branch is the reason the Fed has to play games in the hopes of having any kind of effect on inflation.

 

[shockedcanadian]

Not really a surprise, but still news worthy

Inflation is a real problem.

 

[georgephillip]

What's the effect of the Fed's interest rate hikes on your 401(K)?

"Whether your mutual fund was one of the popular 60/40 funds (60 percent equities and 40 percent bonds) or was 100 percent in equities, you’ve been battered this year.

"The Fed’s relentless hiking of interest rates this year beat down the market value of existing bonds because they have lower fixed rates of interest, thus making them less valuable than the newly issued bonds with higher rates of interest.

"Growth stocks, which have dominated the investment scene for years, were particularly crushed because growth companies need to borrow money to grow and higher interest rates mean that their cost of capital will become more expensive, thus slowing growth and hurting their earnings outlook."

About those Brutal Losses in Your 401(K) – Here Are the Charts

 

[Thunk]

We can no longer afford to pay the interest on our national debt!

The federal reserve is trying to stop inflation...but the largest "borrower" is the federal government...and they're not going to stop...no matter what the interest rates are. So inflation will continue.

After the red wave on tuesday night I expect the democrats to go on a financial scorched-earth rampage & vote for TRILLIONS in new spending in the last 2 months they remain in power.

 

[Leo123]

But....But.....But......Biden's inflation reduction act!!!

 

[Leo123]

Decades of ongoing and complete failure in the legislative branch is the reason the Fed has to play games in the hopes of having any kind of effect on inflation.

Except that interest rates were lowest in decades when Trump was POTUS. Nice try at deflection.

 

[WEATHER53]

More punitive oppressive retardation from the federal level
These dolts think killing the real estate and purchasing market will keep the price of eggs, meat and milk in check. Lose tens to hundreds of thousand, save nickels and dimes . And as always, designed to punish the industrious.
It’s the blueprint for last 3 years to put us in the middle of overreactive hoaxes.

 

[Augustine_]

Except that interest rates were lowest in decades when Trump was POTUS. Nice try at deflection.

Yes Trump did love threatening the Fed not to stop flooding fake money into circulation or else

 

[Whodatsaywhodat.]

Yes Trump did love threatening the Fed not to stop flooding fake money into circulation or else

Fuck Joe Biden....

 

[TNHarley]

Decades of ongoing and complete failure in the legislative branch is the reason the Fed has to play games in the hopes of having any kind of effect on inflation.

right? Why dont those farmers, lawyers and doctors leave the economy the fuck alone?

 

[WEATHER53]

Yet another needless, overreactive hoax
We must elect thinkers next week and not control freak fear mongers with punitive intent and direction

 

[Harpy Eagle]

Except that interest rates were lowest in decades when Trump was POTUS. Nice try at deflection.

Which they should not have stayed at in a Booming best in the history of the world economy.

 

[Grumblenuts]

The market Fed 12 5 4 major banks have thought about it.. and decided "Fuck the people.. Whoopie! Party time again! Yay us!"

Wells Fargo is one of the "Big Four Banks" of the United States.

Next, foxes were put in charge of the hen house..