The Federal Reserve has moved to cut interest rates by half a percentage point, the first reduction by the central bankers since the beginning of the so-called ‘pandemic’ in 2020 when the bankers cut rates to near zero. This latest move could be viewed as a gamble, as Democrats are now panicking in the run-up to the 2024 Presidential Election – desperate to try and fend off any further increases in unemployment, and yet, prepared to play with fire as low interest rates are likely to drive-up even more inflation.
“Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee’s 2 percent objective but remains somewhat elevated,” the Fed said in their official press statement.
Currently, the benchmark rate now sits between 4.75 and 5 percent.
The Fed’s believes that inflation have been easing back toward normal levels, which they expect to continue.
But are they really reporting the real inflation numbers, or the real unemployment numbers for that matter?
Both the central bankers and the government have a political incentive not to report those real numbers to the American people, because if people really knew, the country might be teetering on the brink of civil unrest.
Instead, we get the 21st century version of the Noble Lie…
READ MORE FINANCIAL NEWS AT: 21st CENTURY WIRE FINANCIAL FILES
ALSO JOIN OUR TELEGRAM CHANNEL
SUPPORT OUR INDEPENDENT MEDIA PLATFORM – BECOME A MEMBER @21WIRE.TV
