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Re: dinogreeves post# 45865

Tuesday, 06/14/2022 12:05:20 PM

Tuesday, June 14, 2022 12:05:20 PM

Post# of 46577
The Fed already sent everyone into panic mode by hinting at the 75 bp hike. The reaction we're seeing is because of Friday's cpi report and Powell's fat mouth. By raising interest rates so much, they are going to effectively end borrowing. Banks will close branches and more people will be out of work. This ridiculous over correction is going to cause more damage to the economy than they realize. It's not going to help inflation as much as it will hurt America. This administration is going to go down as the worst ever. GLTY.