By 50 basis points. Can’t wait to hear some of the reasons this is fake news. https://www.wsj.com/economy/central...chd2nsuo5kcwuo8&reflink=article_copyURL_share
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
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.
The market effectively being flat after the announcement is all the confirmation needed for this statement.
