Current Events > Federal Reserve raises interest rates by 0.75%

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Scorsese2002
09/21/22 2:12:59 PM
#1:


https://twitter.com/cnbcnow/status/1572646907394269184?s=46&t=nxyWaWbHj62Pbe0z8AAZHQ

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__aCEr__
09/21/22 2:15:26 PM
#2:


Speeding towards recession.

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CADE_FOSTER
09/21/22 2:15:42 PM
#3:


keep raising it sick of the food price inflation
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theAteam
09/21/22 2:15:58 PM
#4:


Hilarious how it was telegraphed well ahead of time but the market still freaked out over it.

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Spurner
09/21/22 2:16:42 PM
#5:


Anyone who is surprised hasnt been paying attention.
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CADE_FOSTER
09/21/22 2:17:34 PM
#6:


all they had to do to hold off this inflation was raise the rates during trumps presidency but nooooo
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David1988
09/21/22 2:17:34 PM
#7:


Good luck to buying a house

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CADE_FOSTER
09/21/22 2:18:08 PM
#8:


price of houses going to crash yes please
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Scorsese2002
09/21/22 2:18:39 PM
#9:


Spurner posted...
Anyone who is surprised hasnt been paying attention.

Exactly.didnt they announce at the beginning of the year it was gonna hike 3-4x by the end of the year?

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Prismsblade
09/21/22 2:21:47 PM
#10:


They should have been hiking up interest rates years ago. It's the main reason for the housing boom the past decade. Aside from all the dumb decisions made during the pandemic.

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CADE_FOSTER
09/21/22 2:25:39 PM
#11:


yes they did
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theAteam
09/21/22 2:26:35 PM
#12:


Prismsblade posted...
They should have been hiking up interest rates years ago. It's the main reason for the housing boom the past decade. Aside from all the dumb decisions made during the pandemic.

They tried at the end of 2018 you can see where the markets freaked out about it looking at a chart from December. Then Trump told the fed to cut it out and they dropped them again.

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Suolevram
09/21/22 2:27:00 PM
#13:


David1988 posted...
Good luck to buying a house
Glad I scooped one up in 2018. It's been downhill ever since I've come to learn.

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ChocoboMog123
09/21/22 2:28:56 PM
#14:


There was a quote by a Fed chairman, don't remember who, saying, "When we react to inflation we get it wrong more often than we get it right."

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TaylorHeinicke
09/21/22 2:49:59 PM
#15:


David1988 posted...
Good luck to buying a house


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littlebro07
09/21/22 7:49:47 PM
#16:


Got our house with a 0% down payment, no PMI loan in 2019. The trade off was the interest rate was 4.75% which felt high at the time and now it feels very low lol


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Jiek_Fafn
09/21/22 8:00:25 PM
#17:


So I switch a bunch of my retirement funds to bonds now, right?

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