CNBC report on the last Fed meeting minutes: Fed: Modest about further progress towards 2% inflation (msn.com) Progress is good, but the Fed Reserve is not ready to start reducing rates. I don't think the Feds will cut in 2024. They raised 7 times on Trump to bring inflation down from a peak of 2.4%. I do think the Fed wants to reduce but not at the expense of infighting amongst the reserve bank governors.
Sounds like a Goldilocks jobs report which the fed should like. But I don’t they decrease at this point in an election year.
If no further rate increases are needed to finish the job lowering to the Fed's 2.0% target, the US may now be looking at the soft landing that everyone would want rather than entering recession or a deflationary period. As we saw in another thread, the 50-year rate average is in the rate area where the Fed is now, and the 70-year rate average is 4.61%. The current fed fund rate is between 5.25% - 5.50%. This is why the Fed says they need months of results before deciding to do anything other than sitting on the hand they've dealt. The US may be at its new interest rate normal provided inflation continues to come down. Consumers will have to adjust to the new normal, interest rates not going up or down significantly.
Atta boy, Big Joe - way to git 'er done! Now, hopefully that fat clown doesn't get in office and set us on the path to Inflation again. 16 Nobel Prize-winning economists warn that Trump's economic plans could reignite inflation
Headline reads exactly word for word as one of Biden's quips in the debate last week. They think we're so stupid. We're incapable of figuring out that you can cherry pick experts that have a very wide range of opinions on a variety of things; especially economics.
Can you explain where these experts are wrong? Or find experts from the other side that tell a different story?
I didn’t realize Biden was in charge of fed policy, can you point to where he signed a bill or EO to change interest rates or money supply( other than the few extra Trillions pumped in by Gov spending)?
Cat is out of the bag - too late 51 Former intelligence officers… The earth will cease to exist in 10 years (from 1992) Fauci: “trust the science…” Media - “anti-COVID government story position must be silenced” Men are Women. Oh, and again: “trust the science” Biden is in great shape mentally and physically Everyone has experts - it’s just that now 1/2 of USA realizes they’re being lied to, and have been for awhile. Each side chooses the stories/ lies they want to believe.
He's into throwing praise on The Crappy-one for things he doesn't do have anything to do with directly.
No kidding I just want to see how he will contort himself into giving Biden credit on this. Likely the answer will be one of his canned rants about Trump.
The stories I choose to believe are 1. Having 10+ million people enter our country as unknowns and having freedom to move about is not a healthy thing for us. 2. COVID was created in a lab and dispersed throughout the world by China. Our response to it by shutting down life had enormous costs outside the death toll. 3. The likelihood that a former President would be ensnared in four separate court cases at the same time equals my chance of winning MegaMillions - but Democrats keep playing MAGAMillions, using the power of the courts to try to hamper a political opponent. As you often state: that’s a trait of a shithole country.
Of course the POTUS isn't responsible for Fed policy. You didn't know that? Sad. Go read some books about economics or something. #SAD! Also, this thread isn't about specific Fed actions, it's about generally improving conditions wrt inflation, as articulated by the Fed. After all, Biden’s been blamed for years for inflation - certainly he deserves credit when it improves. Try to keep up! #TryToKeepUp! #SAD! #YouShillForAnOrganizationThatLiesForA_Criminal
Only in America will you find people that blame the government when they government arrests a career con artist. White privilege
