Fed raised interest rates for the first time in 3 years

[TheButcher]

Let's start some more wars, put tariffs and sanctions on countries make the economy great again.


"The Federal Reserve raised its benchmark interest rate as expected on Wednesday, marking a sharp policy turnaround for an economy increasingly shaped by the war in the Middle East.
This is the first rate hike since 2023 and is designed to cool spending and prevent inflation from becoming more entrenched. But it also means higher borrowing costs for Americans already struggling to afford homes, cars and other big-ticket purchases.
Stocks fell, with the Dow seeing its worst day in nearly a month, while the 10-year Treasury yield moved back to its highest level since 2007 as markets digested Fed Chairman Kevin Warsh’s remarks.
Raising rates could weaken an economy that is already showing signs of strain, increasing the risk that the Fed’s inflation fight could come at the expense of economic growth.
The decision to raise rates was unanimous among the Fed’s rate-setting committee, including Warsh, who was handpicked by President Donald Trump with the aim of lowering rates. The president earlier this year joked he would sue Warsh if he did not."


https://www.cnn.com/2026/09/16/business ... -september

[BOB777]

Man defaults and foreclosures are going to rise, so many first time buyers took out variable rate mortgasges to qualify,

[shoopa]

So will Trump sue the Fed Chairman?

[donnie]

It was clear to every body who follows the economic indicators that this action was going to happen sooner than later.

[tacnet]

They are suggesting there will be another rate hike before the mid-terms

[cimage]

They are suggesting there will be another rate hike before the mid-terms

Not good at all businesses will suffer prices will go upwards

[jlinkz]

6 more years my home is paid off, and it's a fixed term so I am good.

[pokerking]

It is not just home mortgages that will increase in payments, everything from car loans to business loans will see a higher rate.

[Ricks-Cams]

Who was it said yesterday at the UN that the economy is doing greatest ever?

[yobilinks]

This is going to be one more reason the mid terms will swing in the favor of the democrats.