https://www.yahoo.com/finance/news/federal-reserve-meeting-interest-rate-announcement-december-14-180643459.html

good! not since the 1980s have we really seen raises like this. which helped reagan break inflation.

we need to crush the home, auto, and college loan business. so this is awesome.

This post was edited by thesnipa on Dec 14 2022 01:52pm

Sounds like a pre-emptive strike against inflation to me.

Pre-emptive... when inflation has already been standing at 7-8% for almost a whole year? And mind you that this comes after the admin and the FED spent last summer talking about inflation being "transitory", lmao pathetic.

variable rate folks on suicide watch here in canada

the inflation rate peaked in May at 9.1%. at the same time the Fed started to raise interest rates significantly. from under 1% to now 4.5%. during the same time the latest number we have for November has the inflation reduced to 7.1%. this will drop it an additional few % over the next several months.

the inflation was transitory, but we're transitioning into a fairly serious recessionary period. the last time this happened significantly in 2008 we saw a negative inflation rate, which isnt off the table if we get a similar crash. and we need that crash desperately.



those people need to watch the big short. should have refinanced at a low % fixed in the 2 year period it was like printing cash.

This post was edited by thesnipa on Dec 14 2022 02:39pm

Made a typo: Pre-emptive strike against a major crisis risk

This post was edited by Meanwhile on Dec 14 2022 04:13pm

Yet the prices keep going... UP. ^^

When will the home prices come down though? The market has proven stubborn in many jurisdiction despite the rate hikes. Age old advice is it will correct, but we may have a looong period of high rate high cost housing transactions. Meanwhile, many areas have housing problems/shortages already.

the fReE mArKeT wIlL coRreeCt

Last summer, when they talked about inflation being transitory, the expectation was that it would be short-lived and recede within a handful of months. The opposite happened, inflation stood at 7.5% in the US in January 2022 (before the outbreak of the war in Ukraine). So no, the inflation was quite clearly not transitory, but Biden, Yellen and Powell now try to cover up their misjudgement by blaming the war which only started months later.

This post was edited by Black XistenZ on Dec 14 2022 06:44pm