#INTEREST RATES

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[jeromepowell]

🏦🍗Happy BANKS-giving🍗🏦 to all my 💵 finance 🅱️itches & 🅱️ros 🔥today 📅 might be a bank holiday 🎉but it’s also a 👐SPANK 🙌 HOLIDAY 🤤🫣 it’s time ⏰ to get your crush’s ⬆️ INTEREST ⬆️ rates UP 🔝 to handle INFLATION 👀🍆 so you can 🦃GOBBLE🍽️ that 🍑 and get STUFFED 🥴 by your favorite 💦LARGE DEPOSITOR💦 remember to PUT ➡️ that TURKEY 🦃 in your OVEN 🔥 and CALL ☎️ your hottest 🥵 SLUTS 💋 to lock 🔒 in that sexy 👅 bid-ASS SPREAD 🤸‍♂️ finish that CUMkin🎃 PIE 🥧 and be THANKFUL 👆🙏 nonperforming📉loans aren’t the 🅾️nly thing getting SUBBED 😈⛓️tonite 💯

📬 send 📩 this to your 🔟 highest 📈investors📊 to THANK 🫶 BANK 💰 and YANK ✊💦them

[bobcronkphotography]

Fortress of Finance

The Federal Reserve Bank of San Francisco, California

Bob Cronk

[godisarepublican]

Sorry for reposting this photo but, look at the advertisement at the bottom of the page: A 30 year fixed rate mortgage has more than DOUBLED since 2019!

This photo is from 2019. The 30 year fixed rate mortgage was 3%. It's over 7% today!

Never mind the fact that the front page story is about how right wing counter protestors were told to never come back to Boston, while LeftTards were and are given carte blanche...

Joe Biden is such an inexcusable disaster that a 30 year fixed rate mortgage has gone up 233% since 2019!

"Cannibals ate my uncle!"

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How the govt has historically operated ...

[jeromepowell]

-50 beeps??? I dont know what to say...

How about “thank you”?

[mintconditioned]

okay so let’s talk about high interest rates. because everyone keeps saying “the fed raised rates again” like we’re all supposed to just get it.

basically: interest rates are the cost of borrowing money. when the federal reserve (the u.s. central bank) raises them, it gets more expensive to take out loans — like for houses, cars, credit cards, or starting a business.

why would they do that? because inflation got too high (you’ve seen those grocery prices, right?). so the fed raises the federal funds rate, which is what banks charge each other for overnight loans. this rate heavily influences broader interest rates (like those for mortgages, car loans, credit cards, etc.).

they want to slow down spending. when people and businesses borrow less and spend less, prices (hopefully) stop rising so fast.

but here’s the downside: -getting a job after school or over the summer? harder. businesses start cutting hours or freezing hiring because they’re paying more to stay open. -college? all loans, including student loans get more expensive. you could end up paying way more over time for the same degree. -people buy fewer homes or cars -stuff like phones, clothes, concerts — anything bought on credit — might get pricier or happen less often.

and if they keep rates high for too long? boom. recession.

basically: high interest rates tighten the whole economy. and even if you're not directly in the money game yet, you’re absolutely playing on the same field.

[justinspoliticalcorner]

Kellie Meyer at NewsNation:

(NewsNation) — The Federal Reserve on Wednesday cut its benchmark interest rate by half a percentage point, something it hasn’t done in more than four years. Federal Reserve officials were able to do this as the post-pandemic spike in U.S. inflation eased further last month. Year-over-year price increases reached a three-year low. The White House has been feeling hopeful about the state of the current economy, with officials maintaining that America can pull off a “soft landing” from inflation.  “The Committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges that the risks to achieving its employment and inflation goals are roughly in balance,” the Fed said in a statement.

For the first time in four years, the Federal Reserve has cut its interest rate. This cut is a half percent (0.5%).

[annoyingchildkoala]

Nightingale 🐦

[blackwolfmanx4]

How the Federal Reserve Manipulates Interest Rates

[sibillascribbles08]

Drew some office gays

Kinda late for valentines but I got the idea rly late oops

ID in alt text

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[jeromepowell]

I made some Valentine’s Day cards for you all to share with your favorite bank examiners and/or economists! With a little help from my friend @tricksypixie of course ☺️