Bidenomics = High mortgage rates, high inflation rates, collapsed banks, expensive groceries, record high rent, and dwindling retirement accounts.

The Federal Reserve on Wednesday paused rate hikes. The Fed kept the benchmark rate in the range of 5.25% to 5.50%.

For now.

“We’re prepared to raise rates further, if appropriate, and we intend to hold policy at a restrictive level until we’re confident that inflation is moving down sustainably toward our objective,” Chairman Jerome Powell told reporters on Wednesday.

Despite what Jerome Powell said, inflation is not cooling. The Biden Regime relies on lies and voodoo math when it rolls out its latest inflation reports.

The Consumer Price Index (CPI) rose 0.6% in August – the biggest monthly gain for the year.

Energy prices soared as real wages declined – Bidenomics!

Gas prices once again this week soared to record levels for the year.

Grocery prices are up 19%. Americans are suffering because of Joe Biden’s tax-and-spend policies.

Per CNBC:

The consumer price index rose 0.6% in August, its biggest monthly gain of 2023. The inflation gauge rose 3.7% from a year ago. The core CPI increased 0.3% and 4.3% respectively, against estimates for 0.2% and 4.3%. Fed officials focus more on core as it provides a better indication of where inflation is heading over the long term. Energy prices fed much of gain, rising 5.6% on the month, an increase that included a 10.6% surge in gasoline. The jump in headline inflation hit worker paychecks. Real average hourly earnings declined 0.5% for the month.

The Federal Reserve has raised interest rates 10 times for a total of 525 basis points since last year – 7 times in 2022 and 3 times in 2023 – in an effort to hedge inflation.

It’s not working.

Inflation rates are STILL high.

The higher interest rates are now posing a problem for the banking sector and the real estate market.

Silicon Valley Bank, Signature Bank and First Republic Bank collapsed this year after depositors withdrew billions of dollars from the lending institutions.

Regional bank stocks are also getting hammered amid fears of contagion.

The popular 30-year fixed rate mortgages are between 7.5% – 8.0% and housing prices are plunging.

Financial experts say the high mortgage rates are here to stay.

The post Fed Pauses Rate Hikes… For Now – But 8%+ Mortgage Rates Are Here to Stay appeared first on The Gateway Pundit.

A leaked training video from Veterans Affairs not only promotes abortion, it suggests that men can get pregnant.

This news comes just days after General Mark Milley insisted that the U.S. Military is not woke.

What would he call this?

FOX News reports:

Leaked Veterans Affairs training video promotes abortion, suggests men can get pregnant

A leaked Department of Veteran Affairs video showed efforts to promote abortions and more “medically accurate” terminology such as “person who is pregnant” over pregnant women.

A “Reproductive Health Training” video from April 2023 advised staffers on how to counsel veterans considering abortion.

Before discussing counseling procedures, the video began with a “note” on language that clarified, “Not all people who seek abortions identify as women.” Another note read, “’Person who is pregnant’ is inclusive and preferred to ‘pregnant woman.’”

“When ‘women’ is used in this presentation series, it’s because the studies cited only included ciswomen,” the video also stated.

Another slide offered a “guide” to “language and abortion” to offer to veterans potentially seeking abortions. The language included using “embryo or fetus” instead of “baby or unborn child,” “embryonic or fetal cardiac activity” instead of “fetal heartbeat,” “veteran or person” instead of “mother” and “pregnancy options counseling” instead of “abortion counseling.”

Additional videos obtained by The Post Millennial showed what appeared to be defenses for abortion as “essential, life-saving care” and safer than pregnancy. The videos also suggested that “pregnancy can endanger mental health” while abortion patients “rarely” feel regret.

Libs of TikTok posted the video on Twitter.

Leaked Dept of Veterans Affairs training video instructs staff to confirm that men can get pregnant, advises not to congratulate a pregnant woman, and encourages and glorifies abortions. pic.twitter.com/0gwpJ8jS8I

— Libs of TikTok (@libsoftiktok) September 20, 2023

This progressive ideology has infiltrated pretty much every institution, from schools to the military and even medicine. It’s insanity.

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