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Economy

sprinkleeninow

(20,643 posts) Tue Mar 7, 2023, 04:59 PM Mar 2023

U.S. stocks fell Tuesday after Federal Reserve Chair Jerome Powell told Congress that interest rates are likely to go "higher" in the face of persistent inflation.

https://finance.yahoo.com/news/stock-market-news-today-live-updates-march-7-2023-143312540.html

They *could* go higher, but they don't have to.

Rate hike...some people need to take a hike...

7 replies

= new reply since forum marked as read

Highlight:

Yahoo Market News: Stocks sink after Powell tells Congress rates could go 'higher' [View all] sprinkleeninow Mar 2023 OP

Powell is clueless Casady1 Mar 2023 #1

I trust not many having power to manipulate facets of our government. sprinkleeninow Mar 2023 #2

How does raising the rate bring prices down Alpeduez21 Mar 2023 #3

Here is the explanation Casady1 Mar 2023 #4

✔️+ "Back to work!" *whip crack* live love laugh Mar 2023 #5

Not sure who proposed it--they do so much it's hard to keep up. live love laugh Mar 2023 #7