Wed: We Bet Cuts, The Fed Hiked—We Blew It

Thursday, September 17: Rush and Reagan finally admit it on air — the Fed just hiked rates instead of delivering the cut they called for months, and Trump is not happy about it. The vote landed 12-0 for a quarter-point hike to 3.75-4%, the first increase since 2023, with 16 of 18 officials signaling more hikes ahead.

This episode breaks down where the prediction went wrong, why Trump's trade-threat pressure campaign on the Fed didn't force the cave everyone expected, and what his real-time fury at Fed chair Warsh actually reveals about his leverage. Rush and Reagan also translate the decision into real numbers: mortgage rates near 7.37%, rising car prices, and what compounding credit card debt means heading into the holidays. They close by connecting the vote to the midterm mailers already hitting mailboxes, spun in opposite directions depending on who's sending them.

No hedging, no spin — just the call, the miss, and the fallout. Tell us how you think households respond, and catch tomorrow's episode for what's next.

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