The Fed has continued its interest rate hikes.
BREAKING: 🇺🇸 Federal Reserve raises interest rates by 50bps.
— Watcher.Guru (@WatcherGuru) December 14, 2022
The Bank of England followed suit.
Just get a load of this bullshit. They’re claiming inflation will fall next year.
Andrew Bailey explains why we have raised rates by 0.5% today. Inflation is too high, but we think it will fall back quite sharply from the middle of next year. Raising interest rates is the best way we have of making sure that happens. pic.twitter.com/6weWyFOO5Z
— Bank of England (@bankofengland) December 15, 2022
All these people do is lie.
These rates are not nearly high enough to do anything substantive about the inflation. These policies are destroying the economy while allowing inflation to run rampant.
The stock market got hammered yesterday.
JUST IN: Over $878 billion was wiped out from the US stock market today. pic.twitter.com/guOAKFGhpy
— Watcher.Guru (@WatcherGuru) December 15, 2022
Imagine being a boomer with all their retirement money in a 401k right now lol.
