Posted on 09/18/2024 1:18:17 PM PDT by xoxox
If this isn’t election interference, I don’t know what is.
The Fed today slashed interest rates by the biggest amount in 16 YEARS, a whopping 50 basis points from 5.50% to 5.00%. With the economy roaring along (thanks to Covid-related massive Federal spending), there was no good reason to slash rates. Other than to get Kamala (Hyena) Harris across the finish line.
The Fed’s bloated balance sheet remains bloast at 7.115 TRILLION.
The dots plot reveals more rate cuts to come. Or as the flea sang, Food Around The Corner.
cuts now, tax increases later after it’s all said and done.
This will not have the effect the Fed’s think if it is political.
If not political, then the Fed thinks the economy is in deep doo doo.
Dumb and dumber.
the rising unemployment should be highlighted more often. a 1/2 point cut may well be a stab at stopping an economic downward spiral in the making - the cut =storm warning flag up.
Yep. Stagflation.
It is probably too late to have any effect before the election.
Outlawing usury after cancelling all debts is the way to go.
Everybody gets $new1 for every $1000 paper they have, gold pegged at $206.70.
Let’s goooooooo!
Election interference? Election manipulation, maybe, like the somewhat wildly fluctuating gasoline prices at the pump, in an effort to somehow convince a sufficient number of the sheeple to “vote blue” to get past November 5th, 2024. The Harris/Biden regime now squatting in the Oval Office is being driven to some extreme actions, as the Hand of God seems to be protecting Donald J. Trump for the moment.
In this last stretch to the election, optics is everything. But what you see in not always what you get. A HUGE switch-out just as soon as the vote count is confirmed will sweep away every “reform” that has been casually floated before the public by the “Que mala” Harris/”Gov’ner” Tim Walz team, and the naked grab for power will go forth with greater stridency than ever before. All the sentencing for the “felonies” of Team Trump will be put on fast track, so Trump is either tied up in court or actually imprisoned before the January inaugurations of first the Congress, then the President.
The rest of the world holds its breath, in expectation of a huge civil war breaking out in the United States of America.
Inflation will go up...
Simply trying to lower inflation and boost Dems chances in Nov. election.
Brazenly political.
SPDR S&P 500 ETF Trust As of September 18, 2024 • 4:10 PM EDT
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Usury laws were good back when we had them.
Gasoline back up to 3.48 a gallon regular unleaded in Michigan.
President Trump should continue to pound on cutting gasoline prices, food prices, and cutting our outrageous utility bills in half! What a boost to struggling citizens that would be.
Mass deportations would fix all of it.
Just like the big Wellcare prescription drug coverage package I got yesterday. A gift from uncle sugar, just in time for the election. Premium went to ZERO, out of pocket cap went from $5800 or so to $2000.
Print that freaking money!!!!
Agreed—changes in Fed interest rates have lag times in the six months to a year range.
It gets the Democrats off their back—they can reverse course after the election—and the net effect will be zero.
Mazel tov.
No what will happen is that next year there will be Rate Increases as Inflation has not really gone anywhere. This rate cut is totally political and not based on sound data.
Who is the biggest borrower and how does this help them?
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