TGI Fridays CEO ‘concerned’ about the Fed’s rate hikes taxing middle-America ‘the most’

TGI Fridays CEO Ray Blanchette says the restaurant chain pays ‘close attention’ to what’s happening in the stock market and at Federal Reserve meetings.on Wednesday, the CEO of one of America’s most beloved restaurant chains expressed concern that the middle-class will feel the brunt of the impact on "Cavuto: Coast to Coast."

on Tuesday. "We serve middle America in the United States. We try and serve emerging middle classes around the globe. So inflation is a threat to us… and we’re concerned about the rate hikes."agency is unlikely to pivot Goldman Sachs also noted that the Fed will deliver a third consecutive 75-basis-point interest rate increase back-to-back this week, then half-percentage point increases in November and December, followed by one quarter-percentage point hike in 2023 and one rate cut in 2024.

That's what they are doing and Biden and his blue MOB.....😡😡 DO NOT CARE ABOUT NORMAL PEOPLE. VOTE THE BLUE MOB OUT. 21 MONTHS OF THEIR WARONAMERICA 😡😡😡😡 COULD THIS HAPPEN IN AMERICA...THE WAY IT IS GOING..YES! PLEASE VOTE REPUBLICAN! STOP THE SOCIALISTS 😱😢😪

So the GOP's 2 leading Presidential candidates, Trump and Desantis, are both now under criminal investigation.

Inflation is unfunded government spending. Although The Federal Reserve can raise rates and QT to control prices, they cannot control the Democrats in D.C. who keep spending money they don’t have.

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