Insight - July 25th, 2022
Insight
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25-Jul-2022
Today on Insight, Josh Rosenstern discusses the importance of this week economically regarding the U.S. Economy as we are all feeling the effects of inflation. The Federal Reserve Board will be meeting this Wednesday on the future of raising interest rates. Looking at a dual mandate, given by Congress, they have to look at the employment situation and inflation; the goal is to bring down or slow the rate that inflation goes up. From last year to this year, that index shows our costs of items have gone up 9-percent per year. Brother Josh says unfortunately when prices go up, they don’t go back down. Borrowing costs are so high, that the demand for goods and service will continue to slow. Often times, people will halt discretionary things like tithing and giving to the work of God, as people are struggling to pay their basic bills. Brother Josh says if believers will do their best to be faithful to the work of God, He will meet all our needs and resources during this time of economic impact.
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