Fed Red Light! Expect 90% Crash Next Month | https://www.themorganreport.com
The global battle against inflation rages on as several major economies, including the United States, the United Kingdom, China, Japan, Germany, and South Korea, face imminent recessions within the next few months. On Thursday, after jumbo 75 basis points hikes from the Bank of Canada and the European Central Bank, US Federal Reserve Chair Jerome Powell once again understated the central bank’s resolve to issue more interest rate hikes to fight inflation. The Fed has raised its benchmark interest rate four times this year. The last two were jumbo 75 basis points hikes, with the fed funds rate now set in a range between 2.25 percent to 2.50 percent.
But there is more to come. In fact, the central bank is expected to announce another jumbo interest rate hike during its September 20 to 21 meeting. But at what cost to Americans and the economy? According to David Morgan, the founder and publisher of the Morgan report, the American economy is about to get hit from all ends. Morgan, who has been publishing his financial newsletter for over 23 years, explains that in addition to crippling the US economy, the Federal Reserve will not win its fight against inflation.It seems the central bank is now between a rock and a hard place, and none of its options look good for Americans. We will now take you to David Morgan’s broadcast. Please watch to video to the end, hit the like button, and subscribe to the channel. We also love to hear from our viewers and subscribers. So, please drop your comments and observations in the comments section below and turn on post notifications for more videos.
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