FED RATE HIKE! | Steps to PROTECT YOURSELF | Fed Meeting Reaction
FED RATE HIKE!
The fed hikes interest rates 0.25 to curb inflation, but gets a bit nervous answering some of the questions after the announcement at the fed meeting. The FOMC says all depositors are safe.. but then stutters when asked to confirm!!
The Fed also said they are banking on the banks to restrict lending, which means less loans and possible slashes to credit cards and HELOCs.
The fed still chose to hike interest rates DESPITE all the banking drama we've seen unfold in the past two weeks. That means that inflation is a much bigger battle to fight than recession, and they rather risk recession than runaway inflation.
THE FEDERAL RESERVE RAISES RATES AGAIN! What this means for your money, credit freezes, credit lines slashed and upcoming recession
#federalreserve #fedratehike #interestrates
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