Timothy Sumer

The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. The purpose of raising interest rates is to slow down the economy and reduce inflationary pressures, which can harm the economy over the long term. If inflation becomes too high, it can erode the value of savings and investments, reduce purchasing power, and cause economic instability. If the central bank doesn’t correct inflation, the economy cannot perform well, and difficult to invest capital. #FED #federalreserve #federalreservebank #interestrates #jeromepowell #personalfinance #finance #financialeducation #financialliteracy #financialfreedom #ratehikes #ratehike #jeromepowell #interestratehike #interestrates2023... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVE

Macro Mavens President Stephanie Pomboy and former Reagan admin economic adviser Art Laffer analyze potential market reaction to the Fed's rate hike decision Wednesday. #FOXBusiness Subscribe to Fox Business! Watch more Fox Business Video: Watch Fox Business Network Live: FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C. Follow Fox Business on Facebook: Follow Fox Business on Twitter: Follow Fox Business on Instagram: .