Fed Raises Interest Rates to 22-Year High, Leaves Door Open for More

[League Champion 1,911]

Open SmartNews and read "Fed Raises Interest Rates to 22-Year High, Leaves Door Open for More" here:

 

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[League Champion 1,911]

Good luck affording a home with your liberal arts degree. 

[Sagging Scrot 44]

Liberals are so dumb

[Tree of Knowledge 1,859]

Thanks Joe

[posty 2,700]

Did this happen on the moon?

[League Champion 1,911]

 

[RLLD 4,230]

Fed meeting live updates: No interest rate hike expected in September

Quote

It would be only the second time in eighteen months the central bank declined to raise interest rates, interrupting a flurry of hikes that pushed the federal funds rate to between 5.25% and 5.5%, the highest level in 22 years, making it harder for consumers and businesses to afford a loan or pay off a credit card.   

 

I am on the fence here. On the one hand I do want the Fed to be measured, and this would be a demonstration of that restraint and tactical intent.  But strategically it is perhaps not the best idea.  The White House has not really changed their approach and as a result we should expect continued inflation, and likely a rise.  Its a tough time right now with no promise of relief.