Federal Reserve Raises Interest Rates Again: Because Why Not?
In a move that surprised literally no one familiar with the concept of time, the Federal Reserve announced another interest rate hike this week. This time, they cranked the dial to "economy on simmer," sending shockwaves through the stock market (of boredom) and causing Americans to collectively clench their already-clenched fists.
"We understand these rate hikes may cause some minor inconveniences," said Jerome "The Rate Hiker" Powell, Chairman of the Board of Governors of the Federal Reserve System, in a press conference held beside a roaring fireplace and a crystal decanter of what could only be described as "important-looking liquid." "But sometimes, adulting is hard. You can't just keep swiping that credit card without consequences, America. It's time to learn some fiscal responsibility."
Economists, those delightfully eccentric fortune tellers of the financial world, were quick to chime in with their own, equally unh...