We support our Publishers and Content Creators. You can view this story on their website by CLICKING HERE.
( Mark Pellin , Headline USA ) In a desperate attempt to slow runaway inflation and the disastrous economy that the Biden administration’s bungling and failed policies have created, the Federal Reserve on Wednesday jacked interest rates by a staggering three-quarters of a percentage point, the largest rate hike since 1994.
The move, an effort to tame inflation, will almost assuredly have a major impact on the financial realities of everyday life for thousands of businesses and households, with borrowing rates increasing the cost of everything from homes and cars to consumer goods.
Fed Chairman Jerome Powell conceded the 75-basis point hike was steeper than what officials had hoped, but claimed they were left with few options after last week’s horrendous inflation report showed prices skyrocketing.
“Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures,” the Fed said in its post-meeting statement, according to Fox News.
Expect more hikes on the horizon, Powell said. Fed expects to hike 50bps each remaining meeting this year and end the year at 3.4% — zerohedge (@zerohedge) June 15, 2022 “The desperation is real – the fed will trash the American economy to save us from inflation […]
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We just launched a GiveSendGo page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!