The Feds raised their short-term rate another quarter percent, while removing previous wording that “some additional policy firming may be appropriate,” signaling it could pause future hikes if inflation continues to ease. But hey, no promises.
Two years of rate hikes have:
Helped put Americans in more debt than ever.
Made buying a home more difficult.
Put several banks and lending institutions out of business or on the brink.
Two years of rate hikes have not:
Eased inflation.
Read more about today’s rate increase at USA Today