Dow Jones drops more than 1,000 points after Federal interest rate hike l ABCNL

ABC News financial contributor Alexis Christoforous says the Federal Reserve raising interest rates will have an impact on many aspects of our economy, including auto loans and savings accounts.

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25 thoughts on “Dow Jones drops more than 1,000 points after Federal interest rate hike l ABCNL

  1. It's f*cking Pootin and Trump Orangutan regime FAULT! IT's f*cking Trump regime and f*cking Putin FAULT! That's why We need convert f*cking tax money to weapons! it's the best way to protect and secure own self! Human soul is useless no value without weapons! Why are we need f*cking food! when our friend Zelenskyy have no weapons to protect themselves!? We need rescue all Ukrainians Azov families especially child's! to US. When you have no longer money to pay your debt, but you can PAY! with your SOUL! in battlefield! for debt! for USA because we are heroes! The old cow that make no MILK! need send to slaughterhouse! and make more room for the new cow from our borders! Trump you are finish! We own weapons stock market! I am the winner! I am the King who's can holding American states together! Every Americans will celebrations with BBQ and Champagne!! while Trump regime! and f*king Putin! will eat dog bone!! USA!USA!USA!USA!USA! 😁

  2. A retired casino owner lives rent-free in your head. You've made him a legendary beast in your mind's eye. The world can be burning down around your ankles and your only thought will be this erotic fever dream about you defeating the Great Orange King. Guess what the pitchfork represents?

  3. I remember when they said Trump was going to have us in a recession and boom!
    15 months Biden destroyed everything

  4. The economy is already in a recession since the GDP did not grow in the first quarter. However it takes 2 to 3 quarter to officially call it a recession. Also 10 year bond is above 3% alarming! Also anticipate the FED the raise the interest up to 4% to at least calm the inflation. Getting up to 2% is the neutral zone which really would not help. Only now companies are starting to be realize consumers on not spending or just can’t, Instead, they’re saving.

  5. When you are fighting the inflation what is
    really gonna come down is whats inflated
    the most.

    Stocks, bonds, residential real estate, silver
    and gold.

    Wages are actually skyrocketing. Because
    when the investor class gets wiped out the
    take of the national wealth of the working
    class actually improves.

  6. oh nooo all the illegals cant buy homes now , and old Americans finally make some money on there savings , why interest was dropped in first place to wipe out old people money

  7. Mortgage rates are already near 6% and will touch 7-8% by summer.
    ✔️Buyers who pre qualified at 3% are no longer qualified during closing now with 6% Mortgage rates leading to CANCELLED CONTRACTS in spring/summer. Or if they have locked at 3% 3 moths ago great!! At 6% no way homes will sell!! Or if they do very few will…
    ✔️Foreclosure stopped for last 2 years will start hitting the market.
    ✔️New construction supply will start hitting the market at the same time
    ✔️The wallstreet ibuyers will start dumping their real estate purchases once they realize there is no more price appreciation left.
    ✔️It takes just 1 house on the street to sell at 10-20% below asking to start the trend and pull values for the remaining "comps".

  8. The continued market drop reflects the market’s lack of confidence in the monetary and economic policies of the current administration.

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