.75 is a pretty big damn rate hike, though it was expected. I don't think the fed can reign inflation in. People aren't spending because they want to, making saving more appealing when people are spending on necessities like housing, food, and gas doesn't work.
It's price gouging. The money doesn't disappear. We can all see it and where it goes.
Only upside is that it would be pretty great to get back to 3-5% as the rate. We stayed around zero for like 8 years longer than we should have.
Price gouging?
Just look at the profit margins in the last 6 months of Big Oil
And people are blaming Biden?
STFU you fucking idiots.
You want to know what the problem is?
CAPITILISM!!!!!!!!!!!
That's the name of the game, isn't it?
READ WHAT THEIR MANTTA IS!!!!!!!!
If the supply is short/ limited, charge more
That's it
Do any of you fucking get it?
Apparently not
Oh, by the way, oil producers CUT BACK!!!!, production LAST FUCKING YEAR to increase profits due to lack of consumption during Covid
Just saying