Search Results: starting to be mean

The majority of my life, I have lived in predominantly white, upper middle class areas. My family always avoided areas that were heavily black or appeared troublesome.

My hometown is around Farragut. TN. This area was always known to be upscale, affluent, and vast majority white. It was a rare occurance to see a black kid. Nothing wrong with the occasional black kid or Asian kid or etc. Everything was very tolerable.

Now, I am starting to see a huge influx of other people if you know what I mean, and it is creeping towards an area we never imagined it would. It is getting sketchy at night and this place is becoming almost unrecognizable. It is terrifying.

It is all these DAMN APPARTMENTS they are building everywhere. I knew this would happen as soon as they started loading this place with apartments.

Listen, I am not pushing anyone away per say, I am wanting to get AWAY from it. But I am worried that the white, upper middle class communities are about to become extinct.

A good case study should be Macon, GA or greater metro Atlanta. I don't want this to happen to Farragut!

And all these Yankees and Californians! I am sick of this!!!

The Federal Reserve slashed rates on Wednesday for the first time since early 2020, the clearest signal yet that central bankers believe they are winning their years long battle against rapid inflation.

Fed officials slashed borrowing costs by half a percentage point, an unusually large reduction. The decision lowers rates to about 4.9 percent, down from a more than two-decade high.

The Fed’s move comes in response to months of fading inflation, and it is meant to prevent the economy from slowing so much that the job market begins to crack. Officials have been keeping a cautious eye on a recent rise in the unemployment rate, and by starting off with a big cut, the Fed is effectively taking out insurance against a bigger employment slowdown.

Reinforcing that wary message, the move came alongside economic projections that suggested a more aggressive pace of rate cuts than central bankers had previously predicted: Officials now expect to make another half point of reductions before the end of the year.

“The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance,” Fed officials said in their statement.

High interest rates slow the economy by making it more expensive to borrow to buy a house or expand business, which weighs on both demand and inflation — but also on hiring. The Fed has been trying to strike a careful balance. Officials have aimed to cool growth enough to ensure that price increases return to normal without cooling it so much that the unemployment rate soars and the economy tips into a recession.

Wednesday’s rate cut marks a preliminary victory. So far, Fed officials have managed to slow inflation notably without causing major economic problems. The unemployment rate has crept up, but it hasn’t jumped painfully. Hiring persists, though it has slowed. Consumer spending remains strong. Overall growth is still robust.