Tag: federal reserve
The Federal Reserve announced an interest rate increase of .5%. This is the largest interest rate increase since 2000. A history of interest rates can be seen at tradingeconomics.com
We are seeing an unsurpassed inflationary surge. Prices are out of control.The Fed is obviously concerned over the current inflation reports. Americans everywhere are seeing growing prices for gas, food, housing; basically all human necessities. As inflation rises, seemingly out of control, the Federal Reserve is using its only tool…raising interest rates in hopes to return the economy to its natural state. So taking out a loan just got more expensive as well, but will that help return us to a place of stability? Terrifyingly, The numbers may be much worse than we are lead to believe and this is a serious cause for concern for people who are struggling to survive before prices got out of control. The same Federal Reserve that promised that inflation was transitory, only to take back that same claim a year later, may be in over its head. Inflation numbers may be well above any point in US history.