Page 3 - Fed Has News Today

The Federal Reserve raised the interest rate by another 0.75 percentage point to help curb inflation.

Spending. theyre pulling back on haircuts, salon appointments, manicures, pedicures, buying cars, all sorts of things. and that spending is down not just on goods but on services. talk a little bit about how long, if you can predict the future, how long do you think consumers are going to have to pare back in order to deal with the inflation thats shooing up their wage increases? >> you know, partly, he never asked gonna condiments for prediction of the future. there are still arguing about tryi...

And sometimes, thats the right answer. in sometimes, thats not the right answer. now we got to hope that its going to get a little bit of a tailwind as some of these supply disruptions hopefully ease over the summer. but theres definitely a risk that with fed starts raising rates, it leads us into recession that they raise the rates fastening the economy can handle. >> and that is a great segue into my next question, because i was wondering if by making money more expensive to borrow, it doesnt ...

Things. now if thats also spreading over into services as you mentioned, thats going to be a leading indicator of is the fed tightening too hard. i think youve got a little bit of pent-up savings coming out of last year we had big tax cuts, big wage increases. but as people work through that and if the unemployment rate starts going up. theyre going to run out of money. and youve already seen that. if it costs $125 to fill your gas tank, people are going to be more sensitive to the prices in oth...

That the fed is trying to do two things at once. and runs the risk of hastening, damage to the other. austin goolsbee, thank you for coming to the sunday show. >> great to see you again. >> and after the break, when you, i am on cam one. this is kim too. and you think of lgbtq civil rights history. many may think of new york and san francisco. my next guest argues the spark for the revolution was lit right here in the nations capital. well talk about it next. about it next ass is green ♪ ♪ i...

Exactly as you say, their goal is to prevent a recession but they can cause a recession. >> so then given the 0.7 5% raise in the interest rates, do you think the fed has gone too far? >> it is indeed. now ray some cells are still very low, by historic terms. and i dont think theres anything wrong with kind of moving interest rates back to around the levels they were before covid. as covid drifts away, especially in this context that weve had, high inflation. but if they keep raising 75 basis po...

The last year. but everythings all about compared to the previous year. so we had plus two chilling last, year that becomes minus two trillion this year. so the fed is definitely going to watch how hard they slam on that break. and if we start to see over the next three months, in the data, that the core inflation, not counting gas prices and food prices, which are heavily affected by the war, but the inflation of everything else. if it starts coming down and we get relief, that would be a great...

To stay optimistic. he told the associated press that a recession is, quote, not inevitable. that maybe, but americans are already feeling the pain. earlier i spoke with austin goolsbee, former chairman of the council of economic advisers for president obama. and professor at the university of chicago, booth school of business. austin, thank you very much for coming to the sunday show. >> thank you for having me back. >> all right. so. will the interest rate hike works in tamping down inflation?...

The Bloomberg Opinion Editorial Board had a bit of a red pill moment on how bad the inflation crisis actually is, but didn’t lay any blame at the feet of President Joe Biden and the Federal Reserve.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero