Fed Raises Interest Rates Again

Objectivity 4.1 | Credibility 4.5 | Relevance 4.7

The Federal Reserve is increasing interest rates for the third time this year.  Americans are now spending about $350 dollars more every month for the same goods and services as last year. Gas is 50 percent higher, groceries up nearly 12 percent, and rent has increased 26 percent.  “I don’t want to hear any more of these lies about reckless spending. We’re changing people’s lives,” Biden said when asked about spending policy.