FED hikes rates another 3/4 of a point (highest since 2008) and they project rate hikes to keep coming.

So what are we taking by mid 2023? 9-10 percent mortgage rates? 7-8 pct new car loans?.. average credit card rate 20-22 percent...and that's for top tier borrowing..?..Yep..it's gonna be interesting..

“In late May, the Congressional Budget Office (CBO) projected that annual net interest costs would total $399 billion in 2022 and nearly triple over the upcoming decade, soaring from $442 billion to $1.2 trillion and summing to $8.1 trillion over that period.”

Sep 21, 2022
[link to www.pgpf.org (secure)] › 2022/09 › h...
Higher Interest Rates and the National Debt - Peter G. Peterson Foundation

“The beatings will continue until morale improves.”

They have to raise it twice as high as it is now if they ever want to have a chance at getting inflation under control.

They're afraid to say it

*checks checking account interest rate
No change.
Money for thee but not for me.

one rate for me another for thee... fuck the wealth stealing fed

Keep raising it. Keep raising.

Got a 4 percent 12 month cd from my credit union...best I've seen since 08..yes..a percentage of inflation but beats the 0.2 in the savings and checking

I would say the entire administration are incompetent, clueless idiots..

But they're doing this on purpose

Oh yeah. Credit unions are the way to go if you can.
My checking is just my checking. We go owning land for the win.