Feds Cut Rates

But my wife paid more for gas once

 

ECONFARE!!!

 

Its all political. The FED just wants to get Kamala elected.

 

It was always gonna be a half point. They got caught with their pants down when inflation rose, they weren’t gonna make that mistake twice. And they’ve telegraphed how important it was with public concerns about jobs, among other things.

 

Would it be too much to ask for ETGator1’s predictions for this weekend’s games? I’d like to bet the opposite.

 

Trump will not be happy …. Threatened to fire Powell if elected if he cuts rates before the election… another example of Trump putting himself before regular Americans.

https://www.barrons.com/articles/trump-powell-fed-rate-cuts-election-125e8255

 

The fed is obviously a bunch of commies who hate America and hate Trump

 

Unhinged tweets incoming for sure.

 

Not "fake news". Part of the "grand conspiracy".

Get it? Got it? Good!

 

A 0.5% cut, to me, is an admission they screwed up and should have done a 0.25% cut last meeting.

 

Biden did that!

 

these criticisms suffer from hindsight bias IMO. this FED has been masterful & this is coming from someone who mostly opposes discretionary monetary policy & def opposes the dual mandate

 

50 basis point cuts are not common unless there is trouble brewing. Considering inflation is just now getting under control, there's no reason to cut a half point if the economy is doing well. Too much risk. But they took the risk, because the economy is not doing well.

 

I agree. I keep admitting that even though I think they messed up by raising rates too high too late the results seem to indicate I am wrong and they were right.

 

was the economy not doing well in Sept 1988?

UE = 5.4%
Inf = 4.2%

 

The market effectively being flat after the announcement is all the confirmation needed for this statement.

 

You now qualify for a cabinet position