Best Of Rising: Sep. 19-22: MSNBC Commentator Accuses DeSantis Of 'Kidnapping': Robby & Bri REACT, DeSantis SLAMS Dem Hypocrisy Over Migrant Flights, War On The POOR? Feds Raise Interest Rates AGAIN In New Blow To Potential Homeowners, And More: 9.23.22
Rising
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Is There a Way to Stop the Fed From Raising Rates?
The fed raised its key interust rate by point 75 percentage points for the third time this year. Bank ceos balked at the aggressive price hikes while testifying on capital hill, and warned that the increases could actually cause a slow down in the economy. As senator elizabeth warren said, she fears powell is on the path to increasing unemployment in the labor market. Fed officials forecast that rates will rise to four point four % at the end of this year,. And believe that the rate of inflation will return to their goal post of two % by 20 25 - still a long ways offy.
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