The Fed raises interest rates by the most
in over 20 years to fight inflation
Posted By: sunshinehorses, 5/4/2022 3:57:10 PM
The Federal Reserve ordered the largest interest hike in more than two decades Wednesday as part of its escalating campaign to battle stubbornly high inflation. The central bank raised its benchmark rate by half-a-percentage point, following a quarter-point increase in March. The moves mark a sharp U-turn from the easy-money policies the Fed had pursued through most of the pandemic. The Fed also telegraphed that it expects additional rate increases in the months to come, continuing a campaign that has high stakes for the U.S. economy.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
Below, you will find ...
Most Recent Articles posted by "sunshinehorses"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
sunshinehorses"
Massive flames burned down a barn with tens of thousands of chickens in Wright County. The fire started late Saturday night at Forsman Farms in Howard Lake, causing major damage. The Trebesch family thought they would spend Saturday night around their bonfire, but just after 10 p.m. they noticed massive flames across the field at Forsman Farms. “It was unbelievable how quick it grew, it was insane,” Andy Trebesch said. “It was the whole sky, it was quite large.” CORRECTION*
The Federal Reserve ordered the largest interest hike in more than two decades Wednesday as part of its escalating campaign to battle stubbornly high inflation.
The central bank raised its benchmark rate by half-a-percentage point, following a quarter-point increase in March. The moves mark a sharp U-turn from the easy-money policies the Fed had pursued through most of the pandemic.
The Fed also telegraphed that it expects additional rate increases in the months to come, continuing a campaign that has high stakes for the U.S. economy.
Des Moines police on Tuesday released new details in a deadly drive-by shooting outside of East High School that took the life of a 15-year-old boy.
According to police, six teens have been charged with first-degree murder after detectives determined that shots were fired by multiple shooters from multiple vehicles.
Police executed five search warrants in Des Moines since the shooting. Police said they have recovered six firearms during the investigation.
The following people have been charged with first-degree murder and two counts of attempted murder in the shooting: 17-year-old Octavio Lopez, 14-year-old Nyang Chamdual, 16-year-old Manuel Buezo, 16-year-old Romero Perdomo, 15-year-old Alex Perdomo and 17-year-old Henry Valladares-Amaya.
A Colorado woman with stage 5 renal failure is scrambling to find a new hospital to perform a kidney transplant after a health system in the state denied the transplant due to her and her donor being unvaccinated against the coronavirus.
"Here I am, willing to be a direct donor to her. It does not affect any other patient on the transplant list," Jaimee Fougner, Leilani Lutali’s kidney donor, told CBS4. "How can I sit here and allow them to murder my friend when I’ve got a perfectly good kidney and can save her life?"
Rodeo President and CEO Chris Boleman announced on Wednesday morning there will not be a RodeoHouston 2021 season because of the ongoing coronavirus pandemic. The rodeo tweeted "community health is our priority" along with a video message from Boleman.
This year's rodeo was previously scheduled to be held in May instead of March, a postponement because of the pandemic. But now it has been canceled entirely, including the rodeo competition, concerts and carnival.
In 1985, Democrats in the U.S. House of Representatives decided an election and Speaker Nancy Pelosi (D-Calif.) could do it again.
The day after the election in 1984, Republican Richard McIntyre was ahead of incumbent Democrat Frank McCloskey by 34 votes and after the state’s recount, McIntyre’s lead grew to 418 votes. In the weeks following the election, McIntyre was certified the winner of Indiana’s 8th District.
Most Active Articles (last 48 hours)
His every utterance seems calculated to send progressives into a frenzy. He's one of the most prolific political fundraisers in America. His endorsements of other like-minded America First conservative candidates help those beneficiaries pull ahead in crowded primaries. And the worst-kept secret in American politics is that he wants to swap out his Sunshine State address for 1600 Pennsylvania Avenue as soon as possible.
No, the politician is not Donald Trump but rather Florida Governor Ron DeSantis, who lately seems bent on executing just about every page of the former president's political playbook—only with a sunnier demeanor, less offensive language and fewer of the personal antics that make Trump so polarizing.
Scientists inadvertently bred a horde of unusually aggressive hamsters after a gene editing experiment to 'reduce aggression' went wrong. Researchers at Georgia State University produced new rodents without hormone vasopressin in an effort to raise 'social communication' between the rodents. Yet the chemical change turned the Syrian hamsters wild, prompting fights inside cages. The ultra-vicious hamsters were pictured pinning, biting and chasing each other.(Snip)The study's striking conclusions challenge scientists' understanding of the relationship between biology and behaviour.
The professor added: We don’t understand this system as well as we thought we did. 'The counterintuitive findings tell us we need to start thinking about the actions
Des Moines, Iowa—The Biden administration on Friday set new requirements that increase the amount of ethanol that must be blended into the nation’s gasoline supply but reduce previous ethanol-blending requirements due to a plunge in fuel demand during the coronavirus pandemic. The Environmental Protection Agency said it would set the 2022 levels for corn-based ethanol blended into gasoline at 15 billion gallons.(Snip)The Biden administration also announced Friday that the U.S. Department of Agriculture would provide $700 million to support 195 biofuel producers in 25 states that faced unexpected market losses due to the COVID-19 pandemic.
She’s gone from woke to “awakened.”Rep. Alexandria Ocasio-Cortez claims she experienced an “awakening” and got in touch with her indigenous ancestry in 2016, while demonstrating against the Dakota Access Pipeline at the Standing Rock Indian Reservation.During a lengthy Instagram story Q&A session Saturday, the left-wing lawmaker spoke for roughly three minutes about people native to the Caribbean, known as Taíno, and the Americas, stressing that many Taíno ways are still alive and have not been entirely wiped out by European colonization.
Despite our "anxiety" about high gas and food prices, Joe Biden says we need to cheer up: Americans are "more financially comfortable" than at any time in the past decade.
According to the White House statement he read out from his vacation lair at Delaware's tony Rehoboth Beach:
The job market is the strongest it’s been since just after World War Two. We’ve got more evidence of that today. We learned that in May the economy added another 390,000 new jobs, bringing the total since I took office to 8.7 million new jobs — an all-time record.
Far-left MSNBC host Tiffany Cross on Saturday said Republicans are going to “cheat” in the midterm elections because no one likes their policies.Tiffany Cross was referring to a recent report by Politico detailing GOP plans to ‘contest elections.’Via Politico: Video recordings of Republican Party operatives meeting with grassroots activists provide an inside look at a multi-pronged strategy to target and potentially overturn votes in Democratic precincts: I
Representative Jim Jordan (R-OH) on Friday blasted President Joe Biden and his administration for having created the record-high inflation and gas prices across the United States.
Jordan told Fox Business Network’s “Varney & Company” that he was not as surprised as Treasury Secretary Janet Yellen said she was that inflation followed the “crazy” spending, paying people not to work and doing away with energy independence. He suggested it was “intentional” by the White House.
“As you know and your viewers know, inflation is the worst tax possible on American families,” Jordan lamented. “So, this is real. I think there are like eight states where it’s already over $5 a gallon.
The Biden administration has officially embraced the woke mob’s push for making transgenderism completely, totally normal. By now it shouldn’t be a shock that President Joe Biden is threatening to cut school funding if schools refuse to adhere to the left’s agenda. Biden’s department of Food and Nutrition service, an agency within the USDA, announced it will strip money, specifically for lunches, from schools who don’t allow trans students to use the bathroom of their desired gender. Title IX says that school districts will have to allow transgender boys into girl’s bathrooms, locker rooms, showers and sleeping quarters in order to keep federal funds for lunches, breakfasts and snacks.
As the nation looks for ways to cut fossil fuel emissions to meet ambitious carbon reduction goals, natural gas, that common household fuel staple loved by cooks, is feeling the heat. So far, 77 cities and towns and Washington state have banned or discouraged new natural gas hookups. Los Angeles became the latest to join the list when its City Council voted last week to rewrite building codes requiring new homes and buildings achieve zero-carbon emissions – effectively eliminating future natural gas lines. Climate change experts say the shift is a necessary part of the nation's energy transformation. About half of
Pizza Hut is facing calls for a boycott after it promoted a children's book that featured a little boy who dresses in drag.The pizza chain has been running a children's reading scheme called Book It since 1984 where kids are awarded certificates from their school for completing books, which can be cashed in for a free pizza.Dozens of books are added to the list on a regular basis, but its latest addition has sparked fury.Big Wig, by Jonathan Hillman, tells the story of a little boy who likes to dress up, and whose wig gives magical powers to those who wear it.
Joe Biden was evacuated to a fire station and two military jets were scrambled after a light aircraft veered into airspace over the president's Delaware beach house. The 79-year-old and his wife Jill were rushed from the home to the secure location in Rehoboth following the incident on Saturday afternoon. Preliminary investigation revealed the small private plane entered the restricted airspace 'by mistake' and there was 'no threat to the President or his family,' a Secret Service spokesperson confirmed.
The security detail, which is set to interview the pilot, claims the captain was not utilizing proper radio channels and did not follow a perviously issued notice to airmen
KILLINGWORTH, Conn. — As the financially struggling Boy Scouts sell off a number of campgrounds, conservationists, government officials and others are scrambling to find ways to preserve them as open space. A $2.6 billion proposed bankruptcy settlement designed to pay thousands of victims of child sexual abuse has added pressure to an organization beset by years of declining enrollment, and the Scouts and their local councils have been cashing in on their extensive holdings, including properties where some of the abuse took place. Developers have bought up some. Preservation groups hope others can be protected and some legislators have taken notice.
Comments:
I am so glad that we locked in our mortgage rate yesterday as we are moving and buying a house.