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Feds Raise Rates a Quarter Point
Posted on 9/16/26 at 1:01 pm
Posted on 9/16/26 at 1:01 pm
Just announced as suspected.
quote:
The Federal Reserve on Wednesday approved its first interest rate hike in more than three years and indicated another to come, as part of an effort aimed at combating inflation brought on by spiraling oil prices and other factors.
In a move that markets widely anticipated, the central bank’s Federal Open Market Committee voted 12-0 to increase its key interest rate by a quarter percentage point, or 25 basis points. The move brought the overnight funds rate to a target range of 3.75%-4%.
“Inflation remains elevated,” the committee said in its brief post-meeting statement. “Today’s policy action will support a timelier return to the Committee’s 2 percent goal. The Committee will deliver price stability.”
Despite a raft of conflicting recent statements from policymakers, markets had priced in a better than 90% chance that the FOMC would approve the increase, though there was chatter about the possibility of multiple dissents.
This post was edited on 9/16/26 at 1:07 pm
Posted on 9/16/26 at 1:03 pm to Lsut81
And suggest another hike before year end.
Posted on 9/16/26 at 1:04 pm to JohnnyKilroy
Countdown to Trump tweet.
Posted on 9/16/26 at 1:04 pm to bigjoe1
Waiting for Trump to throw his handpicked fed chair under the bus....
All of the underlying data they cited is great, its the inflation driven by gas and diesel prices.
All of the underlying data they cited is great, its the inflation driven by gas and diesel prices.
Posted on 9/16/26 at 1:05 pm to Lsut81
Trump will rage but this is on him, entirely.
Posted on 9/16/26 at 1:06 pm to Lsut81
RIP, SDV
Posted on 9/16/26 at 1:06 pm to Lsut81
Thanks Trump!! how long till he post fire Warsh on Truth?
Posted on 9/16/26 at 1:06 pm to Lsut81
10YY slightly dips back below 5% based on the news as expected
Posted on 9/16/26 at 1:07 pm to JohnnyKilroy
Sure making Powell look good.
Posted on 9/16/26 at 1:09 pm to stout
its been below 5 since 4:30 this morning
Posted on 9/16/26 at 1:09 pm to bigjoe1
quote:
And suggest another hike before year end.
Well energy prices? On the rise? And I went to Walmart yesterday for groceries because I can't shop at the "upscale" grocery store. 1/2 basket 100 bucks.
I'm lying about the upscale store.
Posted on 9/16/26 at 1:09 pm to Lsut81
It won’t solve it. The only solution now is to CUT SPENDING
Posted on 9/16/26 at 1:10 pm to Lsut81
Will not help fix inflation at all. Problem is government spending and the war.
Posted on 9/16/26 at 1:10 pm to Lsut81
It will do nothing for fuel and food prices but it will further degrade what’s left of the housing. The Fed created this mess yet imbeciles cheer being punished by higher rates for their own mistakes. It’s comically stupid
Posted on 9/16/26 at 1:10 pm to Robcrzy
quote:
its been below 5 since 4:30 this morning
Yeah, because there was a 93% sentiment that they were going to raise rates
Posted on 9/16/26 at 1:10 pm to Lsut81
Posted November 6, 2024—
This post was edited on 9/16/26 at 1:13 pm
Posted on 9/16/26 at 1:11 pm to Figgy
quote:
RIP, SDV
Posted on 9/16/26 at 1:11 pm to Lsut81
But muh Trueflation!
Posted on 9/16/26 at 1:13 pm to stout
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