Posted on 06/19/2019 12:01:45 PM PDT by Hojczyk
The Federal Reserve did not move on rates at the conclusion of its policysetting meeting June 19, but committed itself to acting “as appropriate to sustain the expansion.”
The Fed elected to keep the benchmark interest rate within its target range of 2.25% to 2.5%, but new economic projections show more Fed officials seeing the case for a rate cut — or two — by the end of 2020.
The Fed said it still sees a “sustained expansion of economic activity, strong labor market conditions, and inflation near” the committee’s 2% target, but added that “uncertainties about this outlook have increased.”
Fed Chairman Jerome Powell also saw his first dissent since becoming head of the central bank; St. Louis Fed President James Bullard voted against the decision to hold rates steady, instead preferring a 25-basis point cut in today’s decision.
(Excerpt) Read more at finance.yahoo.com ...
I think later is better for Trumps reelection...it will juice the economy closer to the election
He needs a good economy in November 2020
Exactly...that is why he is waiting to settle things with China and North Korea. Timing is everything.
Somebody has certainly changed their tune from the last 6 months of last year...
i noticed that too. Big change
I think that some of the key Fed people are working for the Swamp, trying to make it look like the bad economy is Trump’s fault.
DJIA down 62 at announcement, quickly rebounds North to a green 31, a move of 93.
Good news on the street.
China may wait til after the election...bad move if Trump wins...
I think China is in a big downhill slide...
Companies are going to spread out there offshore buying
Lets hope a lot comes back to the states
So I guess this means that the printing presses will keep on cranking out paper money
Economy slowed dramatically because of Trump’s trade policies.
“Companies are going to spread out there offshore buying”
And the lib media is not talking about this. It is as if they think if we don’t buy it from China we will go without. Trust me, countries are and have been lining up for an opportunity to sell their products to the latest consumer nation in history.
If China doesn’t negotiate away the tariffs those companies mfg in China will move operations to any one of a number of nation’s more business fiendly.
The Federal Reserve did not move on rates at the conclusion of its policysetting meeting June 19, but committed itself to acting “as appropriate to sustain the expansion.”
...
The American people and Trump’s policies are sustaining the expansion.
The Fed does nothing but cause problems and distort the market.
The should be lowering their short term rates to be in agreement with the rest of the market.
Death to savers!!
I bought a new car for the first time in 14 years last Summer partly because of tariff threats. I’m still very happy I did.
I’m going to refinance my mortgage because the tariffs have destroyed the economy and interest rates have thus come way down. There’s always a silver lining.
If the Fed cuts rates it'll be because the economy is sliding.
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