feds raise rates today. Another 75 basis points. Now, fed officials have now

in poll six rate heights on rate raises in a row. The sharpest increase of rates

since the 1980s when inflation touched 14% and mortgage rates touched nearly 20%.

Now, you can see on this chart, right, a shout out to Zillow for providing this data also.

Now, you can see last year, you can see that the rates, I mean, it was a quarter percent, right?

Last March, a quarter percent. Let me move that over for you guys so you can see a little better.

Right? So last year, you have the rates of quarter percent. Last March,

made it raise them to 75 basis points. There is another 75 basis points in June,

another 75 basis points in July, another 75 basis points in September, and now today,

they raised it another 75 basis points. Now, I will tell you this, most people are losing their mind

when it comes to, let me just put this on a full screen because I want you guys to pay attention

to this for a second and not really pay attention to me, right? So now they target rate

as of today is another 3.75 to 4% on the Fed funds rate.

The next Fed meeting is going to be in December, and we expect them another

raise of about 50 basis points, right? Which will bring us over 4%.

Now, from what I've been researching today, I've heard I watched some of the clips.

The Fed has held it on drop in inflation. We all know this. We've discussed this at

Liff. They want to get the Fed funds rate, well inflation, down from right now, inflation is

around 8.2%. Right? And they want to get that thing down to about 2%, which to me,

is like, I don't even understand how they plan on doing that. That's a sharp decrease,

but again, they feel as if if you continue to raise these rates, you're going to take less money

out of the economy and people going to sit on the sidelines. They're not going to buy anything,

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