What’s Happening:

Joe Biden’s promise to “build back better” has gone up in flames. His progressive-influenced agenda has triggered a host of economic problems.

Inflation is at historic highs, as are gas prices. Americans are struggling to make ends meet. But now, the worst just hit.

The stock market is suffering after the Fed had to raise interest rates.

From The Palmieri Report:

The stock market continues its crumble.

The Dow has fallen below 30,000 and so far has dropped over 700 points.

The stock market is now lower than Joe Biden’s first day in office…

The Federal Reserve just raised interest rates 0.75%.

This is the highest increase since 1994.

The Dow Jones dropped below 30,000 after news of a massive rate hike by the Federal Reserve.

Experts were expecting a lower rate hike only weeks ago. But as inflation keeps getting worse, the Fed apparently had no choice.

This comes as the federal government appeared to be ignoring inflation over the last year. Biden’s administration claimed it was “temporary,” despite what experts predicted.

The Fed continued to keep rates low, even as the signs set in. Only now, when the damage is so bad, are they moving to counteract Bidenflation.

It’s interesting to note the sharp contrast between what’s happening now and what experts said would happen back in 2016.

Many economic experts claimed the economy would go into a tailspin if Trump was elected. The exact opposite happened.

Yet the establishment told us Biden was our only hope in 2020. Today, his administration is responsible for a possible recession.

Despite all this, Biden continues to claim we have the “best” economy in our history. I wonder if he’ll keep saying that, when people lose their homes and gas lines appear?

Key Takeaways:

• The DOW dropped below 30,000 after the Feds hiked the interest rate.
• The Federal Reserve raised rates by .75%, higher than expectations.
• This comes as Biden claims we have the “best” economy.

Source: The Palmieri Report