Fed holds interest rates steady, hints at September cut

NBC News' Brian Cheung reports on the Federal Open Market Committee's decision to leave interest rates unchanged at about 5.5%.

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[Adkb]

Why is Jerome Powell still the Fed chair?

[markrodgers]

We all know what the plan is. Drop the rates right before the election say the housing market is doing great.

[raybod]

Interest rates are too high. Fed induced inflation by excess money printing is over. Cuts need to be done before economy turns and crashes.

[srinivasanpr]

none are talking about the inflation which is not coming down with the no reduction in fiscal deficit

[a.larson]

Cut it to give the economy another lift.

[jackiechan]

Fomc meeting in September. Keep an eye out

[WW-bdyh]

I’m super excited! Because I’m confident my Powerball #’s are going to hit in September as well.

[adamhuffman]

Thank You! Talk about perfect timing 🌖.

[Jacob-seek-Jesus-]

Listen U.S. consumer debt tops $5 trillion dollars basically kicking the can down the road with no intent of paying their debt off. This debt is compiled of credit cards, student loans, auto loans but exclude mortgage debt. But when you include mortgage debt, u.s. consumers are buried under a record mountain of debt. And nearly 9 percent of credit card & 8 percent of auto loans transitioned into delinquency meaning they didn’t pay it off, the banks & car lenders suffered & will continue to suffer & go under because they are loaning all kinds of money out. Among generation z borrowers, 1 in 6 are maxed out on their credit debt & it’s getting worse. Anyone remember the housing & bank bubble of 2008? Lowering interest rates will only make this growing bubble of debt become worse. Or think of it this way, 9 percent of credit card debt plus 8 per event if auto loan debt is 17 percent of debt that will never be paid off, that’s almost 20 percent of guaranteed loss & its only getting worse.

[Djreactions]

raise the rates higher given time for people to breath

[NathanShepherd]

What! No rate cut! You mean we're not going to go back to letting the banks print an unlimited amount of money to gamble with and enforce the general population to pay for the losses? This is terrible!

[BenJamin-pdmp]

Ah they need to raise rates 5 percent is nothing tired of only getting a few hundred a month in passive income

[Meditations]

I'd cut it by a percentage point a month ago already. It's done what it could. Next president will anyway.

[Fightfreedom]

Liberals love inflation, high taxes, and interest rates 😂😂😂😂

[dnollii]

Okay… but I’m borrowing money to pay rent

[cookingwithkimbap]

Why are these comments always so inflammatory and just mind-bogglingly stupid?? I seriously don't understand how these videos bring out the worst of the swamp. It's depressing.