06.16.2022

Federal Reserve Orders Massive Interest Rate Hike as Economy Crumbles

“The Federal Reserve announced a 75 basis point increase to interest rates on Wednesday — the largest since 1994 — amid skyrocketing inflation and [gasoline prices]. The decision means that the Fed’s benchmark short-term rate for consumer and business loans will increase to a range of 1.5% to 1.75%.”

This was originally posted here at Townhall on June 15, 2022.

< Anthropogenic CO2 growth goes down in recessions as CO2 is not just the life-blood of mother nature but also of human civilization. Darren Brady Nelson >

Join our effort to build a greener future.