Interest Payments to Cost More Than Defense Budget, $31 Trillion Debt Points to ‘Precarious Future’
The Federal Reserve announced on Wednesday it’s raising interest rates by another half point in an effort to stifle America’s crushing inflation problem. While this is smaller than the three quarter-point hikes from the past four Fed meetings, it’s still double the customary quarter-point raise.
“We have raised interest rates by four and a quarter percentage points this year,” said Federal Reserve Chair Jerome Powell. “We continue to anticipate that ongoing increases in the target range for the federal funds rate will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% overtime.”
Read the full story from CBN’s Abigail Robertson:
https://www1.cbn.com/cbnnews/us/2022/december/fed-set-to-extend-inflation-fight-with-7th-rate-hike-of-2022
Download the free CBN News App: http://cbnnews.com/app
SUBSCRIBE to the CBN News Channel for more:
http://youtube.com/c/CBNnewsonline/?sub_confirmation=1
SUBSCRIBE to the QuickStart Newsletter by visiting quickstart.news
SUBSCRIBE to the Quickstart Podcast. New episodes every morning at 7am: cbn.com/cbnnews/quickstart
What’s coming up next? Have a look at our program guide: https://www.youtube.com/redirect?q=http%3A%2F%2Fwww1.cbn.com%2Fcbnnews%2Fnewschann&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description
CBN features 24-hour TV news from a Christian perspective. The CBN News Channel provides independent news programming to an underserved audience to enlighten, entertain and inspire Christians around the world. Comments below do not necessarily reflect the views of CBN.
Share this live feed with your friends and family:
https://www.youtube.com/c/CBNnewsonline
Like us on Facebook: https://www.facebook.com/cbnnews/
Like us on Twitter: https://twitter.com/CBNNews
Follow us on Instagram: https://www.instagram.com/cbnnews/
Contact News Editors: https://www.youtube.com/redirect?q=https%3A%2F%2Fwww1.cbn.com%2Fcontact%2Fcontact-&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description
Questions about other CBN programs: https://www.youtube.com/redirect?q=https%3A%2F%2Fwww1.cbn.com%2Fcontact%2Fcontact-&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description
Questions about supporting CBN?
http://www1.cbn.com/cbn-partners (and) https://www.youtube.com/redirect?q=https%3A%2F%2Fsupport.google.com%2Fyoutube%2F%3Fp&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description
Questions about Helping the Home Front? Call: 757-226-2333
https://www.youtube.com/redirect?q=https%3A%2F%2Fwww1.cbn.com%2F700club%2Fhelping-&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description
#breakingnews #politicalnews #christiannews #christian #christianity #church #breakingnews #cbnnews
