America’s Economy Destroyed
We’re done for.
President Biden’s economy was already bad now it just got worse. The Federal Reserve has just decided to raise the interest rates by half a percentage point.
According to MSN, in an attempt to further fight inflation, the Federal Reserve has decided to raise its benchmark short-term interest rate by a half-percentage point.
This decision makes it the most aggressive move since 2000 and highlights that further large rate hikes will come in the near future.
The Fed also explained that they will try to lower their massive $9 trillion balance sheet which is made up of mostly Treasury and mortgage bonds.
Currently 60% of Americans are living paycheck to paycheck and there appears to be no end in sight.
