Technically we're still in the "dark winter" that Prez Biden promised Americans and that makes sense because today's financial news is incredibly dismal.
To wit . . .
AN UPCOMING RATE HIKE THREATENS KANSAS CITY'S FINANCES AND SIGNALS THE END OF FREE MONEY STIMMY!!!
It's not going to be pretty and here's what experts are saying . . .
The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow.
“The cumulative effect of rate hikes is what is really going to have an impact on the economy and household budgets,” said Greg McBride, Bankrate.com’s chief financial analyst.
Meanwhile . . .
RISING INTEREST WILL IMPACT KANSAS CITY AND WORSEN ECONOMIC HARDSHIP FOR LOCALS!!!
Here are just a few consequences that readers might notice . . .
- Again, the local real estate boom is kaput for now. That might mean more begging from local developers and increased desperation for sellers.
- Good time biz might be a tougher sell. This town loves to party and put the bill on credit cards. That's going to be a lot harder in the future and we're likely to see a great many people cutting back.
- Overall, Kansas City and the nation confront another recession that will continue to squeeze the middle & working-class. What's worse is that local politicos won't be able solve all of their problems with "stimmy" from the White House for much longer.
Read more via www.TonysKansasCity.com news links . . .
Consumers hit with higher prices due to inflation likely aren't looking forward to interest rate hikes from the Federal Reserve. Here's why the Fed does that.
US futures fall as Ukraine conflict and Federal Reserve worry investors, while oil prices tumble another 5%
US futures fell Tuesday as investors weighed the Russia-Ukraine conflict and Federal Reserve policy. Oil also tumbled, continuing its recent decline as coronavirus cases in China clouded the demand outlook. The Fed is widely expected to hike interest rates Wednesday, with the Ukraine conflict having little impact on the central bank.
Tech stocks plunged under the weight of higher long-term interest rates. The 10-year Treasury yield soared to 2.14%. Read what this means for growth stocks.
The Federal Reserve is expected to begin raising interest rates this week for the first time in three years as policymakers look to cool red-hot inflation, a move that comes at a precarious time for the U.S. economy as it confronts a continuing pandemic and a war in Europe.
The Federal Reserve is expected to raise rates Wednesday as they look to contain soaring inflation. The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow.
Gold prices fell for the third consecutive day ahead of the long-awaited Federal Reserve decision on interest rates. The metal had soared above $2,000 earlier this month as investors, spooked by the deteriorating situation in Ukraine, flocked to safe-haven assets like gold. But the impending rate decision by the U.S.
At a recent confab, President Biden Joe Biden Saudi Arabia invites China's Xi to visit Riyadh: report Biden attends in-person DNC fundraiser to tout climate agenda Man charged with attempted murder, hate crimes after NY Asian woman punched 125 times MORE 's imperiled party pushed a new message: Democrats deliver.
Developing . . .