Fed hikes benchmark interest rate for 4th time this year l GMA

The Federal Reserve raised interest rates by another three-quarters of a percentage point to tamp down inflation.

READ MORE:
US economy shrinks for a 2nd quarter, raising recession fear: https://abcn.ws/3cHWRUB

#ABCNews #federalreserve #interestrates #inflation #economy #recession

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50 thoughts on “Fed hikes benchmark interest rate for 4th time this year l GMA

  1. We lived in a world that rewarded Child Molesters & highly Abusive men and gave fur floor length coats and 7 carat diamond rings to young confused drugged up Satanic Prostitutes with fake million dollar plastic faces and hacked up body parts who carried Black Books and Plan B rxs in their handbags with muzzled mothers with coward fathers who rode their spotlight in fear that their sickness might be cured. “FALL OF THE EMPIRE OF SILENCED IDIOTS” #NOTOURDREAM #WOMENOFTHEUN #ANTISLAVETRAFFICKING #ILLALIENS
    -AMBASSADOR EDWARDS 🇺🇳🇺🇸🕊

  2. Gas prices have risen all over the world not just in America.

    Go protest outside the homes of the ExxonMobil & Chevron CEOs and their family members until they lower gas prices.

  3. How does raising interest rates slow recession? Someone smarter than me please explain this to me 🤔
    Seems to me raising interest rates hurts the people who can least afford to pay more on their credit cards and loans like cars let alone afford to buy a house? Don’t banks and mortgage institutions make more money with higher interest rates?

  4. I know of No way to control inflation caused by virtual monopolies. Shipping companies are parking ships in order to keep prices at the highest level ever. Oil companies are making profits higher than ever before. As long as we allow the virtual monopolies to form you have to expect this.

  5. How does raising interest rates slow recession? Someone smarter than me please explain this to me 🤔
    Seems to me raising interest rates hurts the people who can least afford to pay more on their credit cards and loans like cars let alone afford to buy a house? Don’t banks and mortgage institutions make more money with higher interest rates?

  6. You know honestly this is the eradication process of getting rid of the middle class family!
    There is no such existence of a middle-class family that's what their theories are about!
    To destroy and build from scratch! Nonsense and if it don't make dollars it don't make sense!
    To drive families to complete ruins

  7. (1:17) if they are downsizing to a one-bedroom apartment and it is more expensive than the previous two-bedroom — why move at all?!?!?

  8. The low interest rates for as long as they were was the cause . You cant loan money at 0 % for long without causing problems . Its a no brainer .

  9. These lying bastards, are tying themselves in knots to keep from telling the American people the truth about the leftist that now run our government. If only Donald Trump could’ve gotten that kind of support from the media when the economy was booming. #RightSideOfTheMicTx

  10. I'm expecting the usual lies from the inbred semi-literate knuckle dragging mouth breathers who blame President Biden for everything bad happening all over the world. Come on, MAGAts, pretend you have some credibility and tell us how the inflation here is entirely different from the inflation happening in the rest of the world.

  11. We are in recession, now not only has EVERYTHING gotten insanely expensive but your debt has gotten more expensive as well. Also, the Dems are trying to impose more tax and spend bills on top of it!! This administration can't get out fast enough!!

  12. We need to cut taxes on the rich so they have more money to trickle down on us. Kind of like giving one man a glass of water to save another man dying of thirst with the extra piss he'll produce.

  13. so they've raised it 4 times now and not getting the results that they want. what's the line about doing the same thing over and over and expecting different results?

  14. No kidding, my family usually spend one hundred and fifty dollars a week on groceries and this week it went to two hundred.

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