The Federal Reserve on Wednesday continued their aggressive fight against high inflation, agreeing to the third straight super-sized interest rate hike and saying that rates are going to go sharply higher before the end of the year.
In a statement, the Fed said job growth has been “robust” even with modest economic growth. “The FOMC is strongly committed to returning inflation to its 2% target,” the statement said. According to new projections from the Fed, the central bank will reach its inflation target in 2025. The Fed’s new forecast details that pain – projecting higher unemployment and lower growth than in their prior projections in June.
Source: Loan Digest (loandigest.net)
Democrats dividing economic classes of society is exactly what is happening.
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