The Federal Reserve announced Wednesday it was raising its key federal funds rate to more than 5% a 16-year high as it continues its firefight against persistent inflation.
In a statement announcing the hike the 10th-consecutive one since March 2022. It omitted previous language that signaled more hikes are likely.
www.nbcnews.com
Starts at 2:08......Evidently he did not know much about the bottom falling out of two banks after hours.
He has the mother of all tells at 3:25 right after he says they’re committed to bringing inflation back down to 2%. He flat-out knows it’s not going to happen…
In a statement announcing the hike the 10th-consecutive one since March 2022. It omitted previous language that signaled more hikes are likely.
Federal Reserve raises interest rates to 16-year high as fight to tame inflation persists
The central bank faces signs of weakening economic growth even as the labor market remains robust.
www.nbcnews.com
Starts at 2:08......Evidently he did not know much about the bottom falling out of two banks after hours.
He has the mother of all tells at 3:25 right after he says they’re committed to bringing inflation back down to 2%. He flat-out knows it’s not going to happen…
