How high will interest rates get in 2022?

Published

3 years ago

May 26, 2022

The world is grappling with the rising cost of living, but exactly how long will the price hikes continue?

On a global scale, the economy is still trying to cope with the ongoing fallout from Russia’s invasion of Ukraine.

And on top of that, China’s ongoing covid lockdowns are impacting global trade. This has sent the price of necessities skyrocketing, with groceries and petrol prices hurting the back pocket.

The key U-S banking authority just gave the public an insight into its state of mind, releasing minutes from the latest policy meeting.

The Federal Reserve has indicated that interest rate hikes could go higher than anticipated in an attempt to cool inflation.

Officials have confirmed they are willing to go ahead with multiple 50 basis points rate increases.

“The markets responded very favourably today…The Fed is getting ready to not allow the markets to fall much further”
octavio marenzi

But exactly how high will interest rates go?

“I think it’s going to be a good deal higher than 3.5 or 4%”
Octavio marenzi

The new data shows that there is some hope when it comes to cooling inflation, but also clearly shows there’s skepticism about financial stability.

Went we look at housing, sales of new houses have declined by approximately 16%, with many concerned that buying a house is simply out of reach for people right now.

This is, of course, on top of sky-high petrol prices, groceries, and minimum wages.

“For many Americans, housing is now out of reach… Houses are very expensive… It’s having an affect on home owners and home renters”
octavio marenzi

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Fourth death confirmed due to Optus outage issues

Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

Published

5 hours ago

September 20, 2025

Ahron Young

Fourth death confirmed following Optus outage that blocked Triple Zero calls for 13 hours during network upgrade

In Short:
– A fourth death is confirmed due to an Optus network failure affecting emergency calls for 13 hours.
– Optus CEO announced an investigation after communication failures and criticism from politicians and emergency services.

A fourth death has been confirmed following an Optus network failure that prevented emergency calls to Triple Zero for 13 hours.

Initially, Optus reported three fatalities, including an infant and two elderly individuals from South Australia and Western Australia. The latest victim is a 49-year-old man from Perth.Optus CEO Stephen Rue expressed deep sorrow over the incident and announced a full investigation into the network update that caused the outage.

He stated that approximately 600 calls to emergency services were disrupted, impacting residents across South Australia, Western Australia, and the Northern Territory.

Rue confirmed that the outage stemmed from a problematic firewall upgrade and revealed details of communication failures within the company. Politicians and emergency services expressed anger at the lack of timely information during the crisis.

System Failure

South Australian Premier Peter Malinauskas criticised Optus for their incompetence in handling the situation.

The federal communications minister also condemned the company, highlighting that such failures are unacceptable.

The incident follows a previous outage for which Optus was fined $12 million, raising serious concerns about their emergency service handling.

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Israel launches its new “Iron Beam” laser system

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.

Published

1 day ago

September 19, 2025

ticker NEWS

Israel’s new “Iron Beam” laser defense system to deploy by year-end, promising cost-effective missile interception.

Israel’s Defence Ministry says its new “Iron Beam” laser system will be deployed by year’s end. The technology is designed to destroy incoming missiles, rockets, drones and mortars with precision.

Developed by Rafael Advanced Defense Systems in partnership with Elbit Systems, Iron Beam will sit alongside existing defences such as Iron Dome, David’s Sling and Arrow. Unlike traditional interceptors which can cost tens of thousands of dollars per shot, the laser comes at negligible expense.

Officials call it the world’s first high-power laser interception system to achieve operational maturity, hailing it as a game-changer for modern warfare. Military leaders expect the system to reshape air defence capabilities and cut costs dramatically.

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Stephen Colbert’s opening monologue on Jimmy Kimmel

Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.

Published

1 day ago

September 19, 2025

ticker NEWS

Stephen Colbert condemns censorship and calls out Trump in powerful monologue dedicated to Jimmy Kimmel’s suspended show.

Stephen Colbert’s opening monologue is being hailed as one of the most powerful moments in modern late-night history. Standing on stage at the Ed Sullivan Theatre, Colbert dedicated his show to Jimmy Kimmel and his team after ABC suspended Kimmel’s programme under pressure from Washington.

Colbert called the move “blatant censorship” and directly accused President Trump of acting like an autocrat. “With an autocrat, you cannot give an inch,” he warned, making clear that the stakes reach far beyond late-night comedy.

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