I’ll believe the rate cuts when I see it. The Fed is back to QE to pay for their bank bailout. They won’t be able to help themselves and flood the economy with more money causing a resurgence in inflation.
Wall Street assholes are continuously trying to get the fed to back of the needed rate hikes.
I don’t think they’re going to be successful. We have a lot of interest rate hikes to go before inflation is tamed.
And what happens in 2024?
"Hey, we lowered rates due to our great leadership. Please clap."
Jimmy Carter on steroids..... fed hikes will not stop in 2023....
Biden will see Jimmy Carter level interest rates.....
Market now expects FED to hike max...
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What used to be “The Stock Market” is now the Fed Market. The Fed dominates it.
“The Market” are those who are wishfully thinking of a return to zero interest rates of over a year ago.
The full effects of rate changes are 12-18 months behind the change.
Just like bumps in 1990 to dislodge Bush Sr in 92, these cuts are aimed to make Democrats look OK for 2024. Brandon will sign drilling permits and quell energy costs, and the MSM will paint a rosy picture.
This looks like the decade-long thrashing about by the Fed in the 1970s that led to stagflation. It took the high interest rates, bad recession and tax reform of the early 1980s to reset everything to right, but it was like chemotherapy for the economy. Since Congress has even less self-control now, I expect the cure to be harder and less effective.
Rates are only now approaching their historically typical levels.
The artificially low rates of the last 15 years have benefited borrowers, chief among them — the US government.
What a bunch of ‘tards...the Federal Reserve, now under new management by directors Moe, Larry and Curly.
Sounds to me like playing grab-ass.
Biden wants to stiff DJT for 2024.
Not gonna happen with inflation where it is.
No possible way this happens. Inflation is Godzilla. Everything else is manageable, and banks are run by idiots. Let the banks die, back stop the depositors, and let them go to banks that are run by adults.
But do not cut the interest rate. 50 bps. Do it.