CB ₿itcoinomics on Nostr: FOMC Meeting: Fed Pauses Interest Rate Hikes For the 1st time in over a year the Fed ...
FOMC Meeting: Fed Pauses Interest Rate Hikes
For the 1st time in over a year the Fed announced it will pause interest rate increases.
-> short-term rate at a 22-year high of 5.25% to 5.5%.
->Chairman Powell sited slowing inflation growth as a reason for the pause
-> Said, economy remaining robust, not likely to influence another rate hike.
The Truth:
The economy is in trouble and they can't afford to keep raising interest rates, so this beginning of a pivot was inevitable. 🧐
#TheFed #InterestRates #Inflation #bitcoin #plabchain
Published at
2023-09-21 14:35:48Event JSON
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"content": "\nFOMC Meeting: Fed Pauses Interest Rate Hikes\n\nFor the 1st time in over a year the Fed announced it will pause interest rate increases.\n\n-\u003e short-term rate at a 22-year high of 5.25% to 5.5%.\n\n-\u003eChairman Powell sited slowing inflation growth as a reason for the pause\n\n-\u003e Said, economy remaining robust, not likely to influence another rate hike.\n\n\nThe Truth:\n\nThe economy is in trouble and they can't afford to keep raising interest rates, so this beginning of a pivot was inevitable. 🧐\n\n#TheFed #InterestRates #Inflation #bitcoin #plabchain",
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