It Started: The Market Crash | Explained
Published: 2022-09-23
Status:
Available
|
Analyzed
Published: 2022-09-23
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Credit card interest rates are predicted to continue rising beyond their current 26-year high.
"credit card interest rates are now at a 26 year high and are expected to go higher"
Pending
The stock market is predicted to decline until at least October.
"the stock market is expected to continue to go down until at least October"
Pending
The Federal Funds Rate increased by 0.75, reaching a current level of 3.25.
"the federal funds rate went up by 0.75 which means right now the current federal funds rate is at 3.25"
Pending
Further interest rate hikes totaling 1.25% are expected this year, bringing the rate to 4.5%.
"the Dot Plot also shows that we will probably see another 1.25 percent increase this year which would put us at exactly 4.5 percent"
Pending
Credit card interest rates, already at a 26-year high, are projected to increase further.
"credit card interest rates are now at a 26 year high and are expected to go higher"
Pending
As the federal funds rate rises, credit card interest rates are expected to exceed 19%.
"because the federal fund rate is expected to go way higher so will credit card interest rates they're expected to easily reach over 19"
Pending
30-year mortgage rates reached a 14-year high of 6.25%.
"last week mortgages went up to a 14 year High to 6.25 for the 30-year mortgage"
Pending
Shelter inflation is predicted to remain elevated for an extended period.
"Jerome Powell is warning people to brace themselves because shelter inflation is going to stay high for a really long time"
Pending
Layoffs are occurring in tech companies like Meta and Google, and also in companies such as Gap, Nordstrom, and Goldman Sachs.
"meta Google and other tech companies have already started their layoffs and they're not the only ones there's also Gap Nordstrom Goldman Sachs and other layoffs"
Pending
A significant percentage of companies are reducing job offers, lowering sign-on bonuses, decreasing headcount, and implementing hiring freezes.
"44 of the companies polled said they were pulling back job offers 46 said they were lowering or dropping sign-on bonuses half of the companies polled said they plan to lower their head count and 52 percent said they were starting hiring freezes"
Pending
I Bonds are currently offering a 9.62% interest rate, which will be in effect until November 1st.
"I bonds which right now are paying 9.62 percent which is crazy and this will last until November 1st"
Pending
The interest rate for I Bonds is expected to adjust to approximately 6% after November 1st.
"after that point they could adjust to roughly six percent"
Pending
Treasury bonds are currently offering yields between 3% and 4%.
"treasury bonds which are bonds from the government right now are paying anywhere between three to four percent"
Pending
Tech stocks are currently considered undervalued.
"Tech for example is undervalued right now"
Pending