Blame these funny rate hike memes on the Fed!
Here we go again! For the ninth time in a row, the Fed has hiked interest rates. While it was “only” a quarter of a percent, it was still an increase no one wants.
Best Fed Rate Hike Memes
With misery, you have to find the funny. While we can’t help your financial status and know we are only contributing to inflation by buying crap – we can provide you with some laughs in the form of funny Fed rate hike memes about interest rates.
Does anyone understand what the Federal Reserve is doing? I mean, in theory or should I say history has been you raise rates and inflation goes down.
That whole combatting inflation sounds great in theory. See our inflation memes, this is something the Fed is focused on addressing.
While this rate hike isn’t totally unexpected, it’s definitely unwanted.
Fed Chair Jerome Powell hinted that the rate hikes may stop soon. There is one more anticipated rate hike expected this year before the Fed pauses.
At a post-meeting press conference, Powell stated that the “events in the banking system over the past two weeks are likely to result in tighter credit conditions.”
Let’s just hope after last week’s bank crisis that we see some resolution and sanity. Well, you know, minus this last hike.
The reason some of us are rolling our eyes is because this is the ninth rate hike.
While we are complaining about rates, it’s been worse. In October 1981, mortgage rates hit a historical peak at 18.45%.
The central bank rate is now 5% – raised .25% today by Jerome Powell.
Jerome Powell Meme
Jerome Powell is the chair of the board of Governors of the Federal Reserve System.
Federal Reserve Meme
While I’m pretty sure he isn’t the sole decision maker when it comes to rates, he does get to be the spokesperson and face of the Fed.
Interest Rate Memes
When the Fed hikes rate, it fuels a pump in the prime rate, aka bank prime loan rate. This directly effects interest rates.
So if you are thinking of buying a car with a loan or getting a mortgage for a house, rates goes up.
And yes, this realtor meme made me laugh because I have realtors in my life who be preaching this “date the rate marry the house” line.
It is true, that you can refinance your mortgage – but it does come with a cost. With interest rates higher you can afford less which means you have less buying power.
The currently average on a 30-year fixed mortgage interest rate is 6.94% – as of March 22, 2023. While this is a decrease from a week ago in March 2022 we say rates from 4.75% to 5%.
That’s okay, we can just pretend that money is fake and that interest rates don’t matter (until it does.)
While the rich get richer, well. Us who eat ramen, will be eating more ramen.
Sure it may feel like the state of our finances is like falling down the side of a hill, but surely we’ll survive!
With the news of the Fed Rate Hike, we also saw stocks tank. This is my stock portfolio screaming. See more Spongebob Memes.
The price of Bitcoin, yeah about that. It’s down 15% today.
Also, to note. When bad news gets worse – if you carry credit card debt buyer beware. Credit card interest rates are directly effected by the latest fed rate increase.
And don’t worry friends, we already have your recession memes locked and loaded, ready for sharing.
Share the Financial Memes
While we might be in a time of surviving, not thriving – that doesn’t mean we have to stop laughing. Share these funny fed rate hike memes. Tag us on social and link back so more people can laugh while crying as they look at their retirement accounts.
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Inflation Memes is part of the Digital Mom Blog series of Funny Memes