Federal Reserve announces interest rate hikes

The Central Bank raised rates by 0.25% in order to battle inflation but could put more banks at risk of collapsing.

#abcnews #banking #federalreserve #interestrates #inflation

[ddbbtwr]

Government is choosing depression over hyperinflation. Ain't no way inflation is only 6% 😂

[pittsburghblauck]

As long as corporate greed exist, these rate hikes won't stop anything

[ServoDestroyer]

Yeahhh....just print more money.
Money printer go burn.

[shanetyler]

Like old George Carlin said they want more for themselves and less for everyone else!

[shamekagreen]

Unreal and increase interest rate is not helping the American people

[joschawil]

Greed cannot be curbed regardless of interest rate hikes. Rampant desire to make more and more money to line Golden Parachutes will not yield to anything.

[Thomas-qoki]

How about getting rid of the Entire Administration that caused this in the First Place!!😡😡😡🤦

[AbhishekBarari]

The problem is people in US don't know how to cut down expenses and save. It's not taught in schools or most can't afford schools. So you end up with people who think it's ok to spend what you earn. And then companies start taking advantage of this and you have a country which sees prices rising, people not knowing when to stop buying and banks trying to cover for this by increasing interest rates. Very horrible cycle

[Creature]

When are we going to talk about the stock trading the congress is doing? They are manipulating the system and the stock market by buying and selling stocks on things they are supposed to be voting on.

[Royale_with_Cheeze]

Every cloud has a silver lining. You can get a CD with 5% interest rate now.

[potatomatop]

0.25%... What's this, like a 0.25% multiplicative critical pure damage increase against demons?

[Myers]

Welcome to Brandon's America and FJB

[conybrown]

Dear all US people, knowing that you guys are very rich and wealthy, this is a consumer driven inflation, please spend less. Me living in other country is suffering significantly, can't hold any longer.

[grandmaster]

Time for everyone to sell their property

[matzrat]

Raising the rates didn't help but destroy the economy in the 70's and 80's and it sure isnt working now.

[jcg]

what about Raising the Interest Rates that no one gets it falls so heavily of the working poor. How much before we can no longer afford simple back and forth to work. Means no roof over my head. I have nothing to save yet all of my expenses has increased by 35%. Get a clue.Not to mention no money for food.

[rodneyeads]

We the people wanted everything messed up

[kathyalley]

But they keep upping the interest rates ro help battle inflation, but who are they battling??? It's not helping me.

[gs]

banks are making huge dollars on interest free accounts like checking and others; some banks will pay you 0.10% for checking and 1.5% for saving accounts when inflation and fed interest rates hit 6%, that is to cover salaries of executives and postpone layoffs

[frlouiegoad]

I could care less, I have no INTEREST in paying anyway.