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U.S. Federal Reserve leaves interest rates unchanged despite inflation easing in May (youtu.be)

submitted 1 year ago by Evilphd666@hexbear.net to c/videos@hexbear.net

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[–] came_apart_at_Kmart@hexbear.net 7 points 1 year ago (1 children)

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as policymakers sketched out their view of an economy that remains virtually unchanged across its major dimensions for years to come. With growth and unemployment lodged at levels better than the U.S. central bank considers sustainable in the long run, Fed Chair Jerome Powell said policymakers were content to leave rates where they are until the economy sends a clear signal that something else is needed - through either a more convincing decline in price pressures or a jump in the unemployment rate.

luv 2 have an economy run entirely by "unemployment rate" and "inflation rate", two rigged indicators.

[–] DragonBallZinn@hexbear.net 2 points 1 year ago

Well what do you know, nepo baby CEOs have full control over all of that.

porky-happy : "Well it's MY reserve army of labor to sit on and do nothing with....and I just say the latest yacht so I'll just hike prices and give myself a nice raise. So sorry about the economy!"