The Federal Reserve Just Hiked Rates 0.25% — Projects Two More Increases This Year Alone

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Despite rising inflation, the Fed has raised it’s lending rate a quarter point today to a total of 1%, and officials from non-federal entity have declared there will be a total of three rate increases this year alone.

Fed chair Janet Yellen claims the economy is “doing well,” despite the fact that the actual economic data shows an economy that is sluggish at best, with Bloomberg reporting, “Retail sales in February grew at the slowest pace since August, a government report showed earlier Wednesday. The Atlanta Fed’s model for GDP predicts an expansion of 0.9 percent in the first quarter, less than a third the pace Trump is aiming for.”

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  • Just an average joe

    Thus begins the supposedly “controlled crash landing” like everything else these supposed smart people think… it will fail. Get ready.

  • RMS1911

    Funny how they wouldn’t hike rates when jugears was resident but now it’s ok
    So either juggo the poo flinger was so incompetent they couldn’t raise rates or they
    Are trying to crash the market for another round of bailouts.