Federal Reserve expected to ramp up inflation fight with super-sized rate hike this week

[mystery-ak]

Published 55 mins ago
Federal Reserve expected to ramp up inflation fight with super-sized rate hike
Fed expected to move more aggressively to cool record-high inflation this week

    By Megan Henney FOXBusiness

The Federal Reserve is expected to ratchet up its fight to tame red-hot inflation this week with the first double-sized rate hike in two decades, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans. 

With inflation soaring to a new 40-year high in March, the Fed is under mounting pressure to move more aggressively to cool demand and slow surging consumer prices.

Central bank policymakers raised rates by a quarter-percentage point in March, but are almost certain to approve a steeper, half-percentage point hike at the conclusion of their two-day meeting on Wednesday, the fastest pace since 2000. Many traders believe the Fed will increase rates with another super-sized hike in June, and possibly July too.

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https://www.foxbusiness.com/economy/federal-reserve-may-meeting-interest-rate-hike

[Kamaji]

Little dribs and drabs ain't gonna cut it any more.

[DefiantMassRINO]

So, we could have an environment with shrinking GDP, increasing interest rates, and increasing prices.  So, we'll have the worst of all worlds.

[andy58-in-nh]

Little dribs and drabs ain't gonna cut it any more.

That's very true, but here's where the Fed gets caught in the debt trap. Interest on the already-ballooning national debt is going to explode, as will personal debt. GDP growth is already heading south and will go solidly negative, as business activity further contracts. It won't be pretty. 

[Bigun]

That's very true, but here's where the Fed gets caught in the debt trap. Interest on the already-ballooning national debt is going to explode, as will personal debt. GDP growth is already heading south and will go solidly negative, as business activity further contracts. It won't be pretty.

  All true!  Every word.

(wouldn't it be nice if we had REAL money instead of this fiat crap?)

[Hoodat]

If the Fed was interested in stopping inflation, they would stop issuing new money.

[sneakypete]

I doubt anybody here that isn't a leftist shill is even a tiny bit surprised by this.

Frankly,I am  more than a little surprised it took them this long.

[sneakypete]

That's very true, but here's where the Fed gets caught in the debt trap. Interest on the already-ballooning national debt is going to explode, as will personal debt. GDP growth is already heading south and will go solidly negative, as business activity further contracts. It won't be pretty.

@andy from chapel hill

At this point in time their only options were to either do this,or declare national bankruptcy.

The FED should have started making moves when this first started instead of waiting for it to get out of control.

Unfortunately,this country if flat filled with fools who really and truly believe they are doing better today because they are taking home twice as much money as they did under Trump.

They really ARE too stupid to realize it costs them 3 or 4 times more to live now that it did back then,or even more in some instances.

Out of control inflation is every bit as dangerous to a nation as war is,and maybe even more dangerous because it's dangers aren't as obvious to the clueless as a shooting war is.

After all,what good does it do to bring home 400 bucks a week when it buys less than what 150 bucks used to buy. Yeah,you ARE bringing in more money,but it buys far less and you are falling further behind every week.

I remember being able to go to a Ford,Chevrolet,or any other American company car lot and buy a new car with all the options for less than 3 thousand bucks. That's not even a downpayment today. "Starter cars" for high school graduates/college students are now more than 20 grand.

The dirty little "secret" the Dims want to keep us from thinking about as they support all this inflation is that the more workers are paid,the more they pay in income and other taxes.

The only people who are REALLY making money out of all this wild spending is the bankers and the stock market millionaires. Everybody else is losing,even if they haven't noticed it yet.

All brought to you by your friendly Dim politician and his or her RINO running mates who are actually Dims at heart,but pose as Republicans so they can get elected.
The most effective way to destroy a nation is to destroy it's economy.

[Cyber Liberty]

Fed announced a 50 BP hike today.  (0.5%)

[rustynail]

Time to buy those Jumbo CDs?

[Hoodat]

Of course instead of raising rates, they could simply choose to stop handing new money out.  Raising the rate by half a point doesn't stop them from creating fresh money out of thin air and handing it off to someone.

[Fishrrman]

sneakypete wrote:
"At this point in time their only options were to either do this,or declare national bankruptcy."

I don't think that will happen.
What I believe WILL happen (and I've posted this before):

At some point in the future, after the dem-communists have achieved full control that cannot be taken away from them, they will simply "renounce the debt", bolshevik-style, and start over.

One might think, "well, if they do that, no one will ever lend to them again".
However, by that time I sense that those who "did the lending" previously may have no choice in the matter...

[sneakypete]

sneakypete wrote:
"At this point in time their only options were to either do this,or declare national bankruptcy."

I don't think that will happen.
What I believe WILL happen (and I've posted this before):

At some point in the future, after the dem-communists have achieved full control that cannot be taken away from them, they will simply "renounce the debt", bolshevik-style, and start over.

One might think, "well, if they do that, no one will ever lend to them again".
However, by that time I sense that those who "did the lending" previously may have no choice in the matter...

@Fishrrman

Oh,I STRONGLY suspect the international bankers will be in on it. The commies might make an announcement saying they are reneging on the loans in order to boost their cred,but the truth is they aren't really communists. Like the international bankers,they are Global Fascists,and there WILL be backdoor deals to cut the bankers in on future projects.

And since the left will control every aspect of life in what used to be America,who is going to stop them or tell on them?