Federal Reserve Raises Interest Rates by 75 Basis Points - AGAIN... Welcome to the Recession !

[WVU82]

The Federal Reserve on Wednesday raised its benchmark interest rates by 75 basis points – or 0.75 percentage point – in its latest battle against Bidenflation.

The latest hike will bring the fed funds rate to a range of 2.25% to 2.50%, CNBC’s Steve Liesman reported.

This is the second rate hike in just over a month as the US economy officially enters a recession.

“Growth and consumer spending has slowed significantly in part reflecting lower disposable income and tighter financial conditions,” Fed Chair Jerome Powell said.

lol...

 

[WVU82]

 

[WVU82]

 

[WVU82]

@Footdoc
4h··

The CDC has changed the definitions of these terms within the past 2 years:
-pandemic
-herd immunity
-vaccination
-close contact
-breakthrough case.
In the middle of a supposed "viral pandemic".
How convenient.
Meanwhile, liberals attempt to redefine what a recession is.
In the middle of a recession.
How convenient.

 

[WVU82]

Steve Cortes on GETTR : As the Fed raises interest rates, a view on where America stands relative to the rest of the G-20 economies...in the cellar. We are worst in show regarding PMI's, Purchasing Managers Indices...

As the Fed raises interest rates, a view on where America stands relative to the rest of the G-20 economies...in the cellar. We are worst in show regarding PMI's, Purchasing Managers Indices...

gettr.com

 

[polar80]

Come on man, Jo Jo says not. You know he'd never lie.🤣🤣🤣🤣🤣🤣🤣

 

[eers2014]

The Federal Reserve on Wednesday raised its benchmark interest rates by 75 basis points – or 0.75 percentage point – in its latest battle against Bidenflation.

The latest hike will bring the fed funds rate to a range of 2.25% to 2.50%, CNBC’s Steve Liesman reported.

This is the second rate hike in just over a month as the US economy officially enters a recession.

“Growth and consumer spending has slowed significantly in part reflecting lower disposable income and tighter financial conditions,” Fed Chair Jerome Powell said.

lol...

View embedded media

You need to start looking at better news sources that don't take comments out of context....below are the statements that the Fed Chair Jerome Powell made on the state of the economy and prospects of a recession:

Federal Reserve Chairman Jerome Powell said in his press conference today that “it doesn’t make sense that the economy would be in recession,” given monthly payroll growth has recently been averaging 450,000 jobs, and that employers added 2.7 million jobs in the first half.

“I do not think that the U.S. is currently in a recession,” he said, “and the reason is there are just too many areas of the economy that are performing too well.”

To be sure, “growth is slowing for reasons that we understand. Growth was exceptionally high last year, 5.5%. We would have expected growth to slow. There’s also more slowing going on now,” Powell added.

 

[GrimReaper82]

You need to start looking at better news sources that don't take comments out of context....below are the statements that the Fed Chair Jerome Powell made on the state of the economy and prospects of a recession:

Federal Reserve Chairman Jerome Powell said in his press conference today that “it doesn’t make sense that the economy would be in recession,” given monthly payroll growth has recently been averaging 450,000 jobs, and that employers added 2.7 million jobs in the first half.

“I do not think that the U.S. is currently in a recession,” he said, “and the reason is there are just too many areas of the economy that are performing too well.”

To be sure, “growth is slowing for reasons that we understand. Growth was exceptionally high last year, 5.5%. We would have expected growth to slow. There’s also more slowing going on now,” Powell added.

Triggered!!!!

 

[eers2014]

Triggered!!!!

no that's actually replying with facts....triggered is when you get mad and start calling posters obscene names when you are proved wrong of which happens alot

 

[GrimReaper82]

no that's actually replying with facts....triggered is when you get mad and start calling posters obscene names when you are proved wrong of which happens alot

Triggered!!

 

[dave]

You need to start looking at better news sources that don't take comments out of context....below are the statements that the Fed Chair Jerome Powell made on the state of the economy and prospects of a recession:

Federal Reserve Chairman Jerome Powell said in his press conference today that “it doesn’t make sense that the economy would be in recession,” given monthly payroll growth has recently been averaging 450,000 jobs, and that employers added 2.7 million jobs in the first half.

“I do not think that the U.S. is currently in a recession,” he said, “and the reason is there are just too many areas of the economy that are performing too well.”

To be sure, “growth is slowing for reasons that we understand. Growth was exceptionally high last year, 5.5%. We would have expected growth to slow. There’s also more slowing going on now,” Powell added.

Well no matter what he said the economy is in a recession. Facts don't lie kid.

 

[dave]

no that's actually replying with facts....triggered is when you get mad and start calling posters obscene names when you are proved wrong of which happens alot

Fact.

Gdp has been negative for 2 quarters now.

That is a recession.

All the excuses and explaining it away and blowing sunshine up our ass doesn't change the facts

 

[dave]

To be sure, “growth is slowing for reasons that we understand. Growth was exceptionally high last year, 5.5%. We would have expected growth to slow. There’s also more slowing going on now,” Powell added.

If you are going to expect people to use "better sources" you should pick a source who doesn't destroy your argument.

He admits the economy is shrinking as the numbers show.

It is illogical to suggest negative growth now is caused by faster growth previously.

 

[DvlDog4WVU]

You need to start looking at better news sources that don't take comments out of context....below are the statements that the Fed Chair Jerome Powell made on the state of the economy and prospects of a recession:

Federal Reserve Chairman Jerome Powell said in his press conference today that “it doesn’t make sense that the economy would be in recession,” given monthly payroll growth has recently been averaging 450,000 jobs, and that employers added 2.7 million jobs in the first half.

“I do not think that the U.S. is currently in a recession,” he said, “and the reason is there are just too many areas of the economy that are performing too well.”

To be sure, “growth is slowing for reasons that we understand. Growth was exceptionally high last year, 5.5%. We would have expected growth to slow. There’s also more slowing going on now,” Powell added.

You understand the elements he is referencing as data points are lagging metrics? Meaning they always follow the top level metrics they’re just delayed by a quarter or two because businesses don’t just conduct layoffs on a whim. They take some time to plan out and execute. Anticipate within a quarter or two, the metrics dipshit is highlighting will trend negative.

Couple the recession with the Dem plan to increase taxes on corporate entities and you guys are lighting a fuse on the ammo depot.

 

[Mntneer]

You understand the elements he is referencing as data points are lagging metrics? Meaning they always follow the top level metrics they’re just delayed by a quarter or two because businesses don’t just conduct layoffs on a whim. They take some time to plan out and execute. Anticipate within a quarter or two, the metrics dipshit is highlighting will trend negative.

Couple the recession with the Dem plan to increase taxes on corporate entities and you guys are lighting a fuse on the ammo depot.

And what makes his comments more concerning... is the man is the Chairman of the Federal Reserve. He should freaking know better.

 

[DvlDog4WVU]

And what makes his comments more concerning... is the man is the Chairman of the Federal Reserve. He should freaking know better.

They’re just gaslighting us. They know, once a recession is acknowledged, those not hedging on the current reality will shift the their operating trends. Society hears recession and their behaviors change. The resultant effect is a deeper dive into the recession due to behavior factors external from market effects.

People aren’t stupid. I’ve already liquidated all my toys in prep for this. Sold the plane, sold the boat, locked in a low interest rate on the house, etc.

I’ll toy up again on the backside of the recession for cheap.

 

[dave]

They’re just gaslighting us. They know, once a recession is acknowledged, those not hedging on the current reality will shift the their operating trends. Society hears recession and their behaviors change. The resultant effect is a deeper dive into the recession due to behavior factors external from market effects.

People aren’t stupid. I’ve already liquidated all my toys in prep for this. Sold the plane, sold the boat, locked in a low interest rate on the house, etc.

I’ll toy up again on the backside of the recession for cheap.

Yes to all of this.