Even though most analysts had anticipated only two rate hikes for this year, Fed chairman Jerome Powell left the door open for further increases if warranted by economic data.
This marks the 11th instance of the Federal Reserve raising rates since the initiation of the tightening process in march 2022. Post meeting, the markets reacted with mixed responses: the Dow jones industrial average rose by 82 points, while the S&P 500 and Nasdaq composite seemed unchanged.
Since the Federal Reserve has no money to lend, one has to wonder what “interest rates” they are referring to?
The interest rates issued by the Federal Reserve refer to their lending rate offered to tier one banks around the world as well as Central Banks, but they no longer have access to allocation numbers to print new money. As for the rate hikes, and talk, this was based on their ability to launch a new Federal
Reserve system in cooperation with the Golden Dragon family of China last night. If the system was successful, the Federal reserve was to move to Hong Kong after China burned the United States financial system to the ground. The plan, of course failed, and the global takeover of China plan is no longer a reality.