The market seemed happy about it, at least for now...Fed delivers small rate increase; Powell suggests 'couple' more hikes coming
The Federal Reserve said on Wednesday it had turned a key corner in the fight against high inflation, but that "victory" would still require its benchmark overnight interest rate to be increased further and remain elevated at least through 2023.www.reuters.com
In the meanwhile my money markets make some good money now.
www.marketwatch.com
I like the higher yield, as long as they get inflation down I hope they stick with it for a while.
Fed lifts interest rates again but foresees only a ‘couple more hikes’ in its inflation fight
The Federal Reserve on Wednesday raised its benchmark rate to a range of 4.5%-4.75% but signaled that the end of rate hikes is near.
If you're a saver you're in good shape.
It's a two-part problem
We came off the gold standard in the early 70s also. Housing and autos were up double digits in 2020. Lumber up 300%, copper, steel and aluminum all up 40% in 2020. Appliances, furniture and computer prices all up 25%. He's not lying, but did nothing to help it either.
Similar to his predecessor but not as desperate, re-election is the selected ensemble.
Do you think this will help or hurt the raising of the debt limit fight for the right wing?How long can living on credit go on?
U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
Inflation and higher interest rates boosted credit card debt to a record $930.6 billion at the end of 2022, a 18.5% jump from a year earlier, TransUnion found.www.cnbc.com
To be honest, I think I’d like to see 80% of the folks default on credit cards. I sure it’s be horrible, but banks built this disaster.How long can living on credit go on?
U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
Inflation and higher interest rates boosted credit card debt to a record $930.6 billion at the end of 2022, a 18.5% jump from a year earlier, TransUnion found.
I was thinking people would have to spend less in order to service their debt?
Check out the American government. It’s the most American thing going!
kingworldnews.com
Cut back, live simple.Or check the people living in our attic.
A Shocking 28% Of Canadian Women Are "Completely Out Of Money" - King World News
Things are tough all over but a shocking 28% of Canadian women are "completely out of money."
