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The Regime Jailed Trump Personnel For Failing to Register as Foreign Agents Under FARA.
Will the Regime Put Hunter Biden in Jail for Doing the Same?
| Main | Hunter Biden's Filings in His Plea Deal Lay Out Just How Much He Received from Ukrainian, Russian, and Chinese Interests... in 2017 Alone
His American Business Income? $666,666
July 27, 2023

The Fed Hikes Interest Rates to 22-Year-High to Combat Biden's Hyperinfation;
Even With This Strong Medicine, Predicts Inflation Will Be With Us for a Long Time

It's a conspiracy theory that an excessive supply of government-created money causes the value of that money to go down and for prices of goods and services to go up.

That's just White Supremacy Economics, straight-up.

The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years.

The quarter percentage point increase will bring the fed funds rate to a target range of 5.25%-5.5%.

While policymakers indicated at the June meeting that two rate hikes are coming this year, markets are pricing in a better-than-even chance that there won't be any more moves this year.

Chair Jerome Powell said the central bank will make data-driven decisions on a "meeting-by-meeting" basis.

Biden's Hyperinflation will be with us "for years," Powell predicted.

Federal Reserve Chairman Jerome Powell said he believes high inflation will be with us until 2025, even with record high-interest rates, in a Wednesday press conference.

Powell does not see the inflation rate returning to the normal level of 2% until 2025, far sooner than when he believes the Fed will start lowering rates again, he said in a press conference concluding the July Federal Open Market Committee meeting. The remarks follow the Wednesday announcement prior to the press conference by the Fed that it would raise its benchmark federal funds rate by 25 basis points to a range of 5.25% and 5.50%, reaching the highest level since 2001, according to the Fed press release.

The progressive, Democrat-aligned investment group Blackrock warns of "rollercoaster inflation" and a recession despite very nominal "full employment."

The economy could be in for chaos, as the US risks rollercoaster inflation and an unusual "full employment recession," BlackRock warned.

Though inflation has eased significantly from its 41-year-high last summer, there are conflicting pressures in the economy that could potentially make prices volatile in the future, the asset manager said in a note on Monday. That's because consumers are shifting their spending from goods to services, which is driving goods deflation. But at the same time, the labor market remains tight, which is driving wage inflation as workers push for higher pay.

"The result? A rollercoaster trajectory over the next quarters before inflation likely settles near 3% -- well above the Fed's 2% target," strategists said.

That rollercoaster could potentially spell bad news for stocks: High inflation can weather corporate profits by increasing costs for firms. Meanwhile, falling inflation can weigh on goods prices, which is another headwind for profits.



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