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Fed holds rates steady, indicates only one cut coming this year
CNBC ^ | JUN 12 20242:00 PM EDT | Jeff Cox

Posted on 06/12/2024 11:06:25 AM PDT by Miami Rebel

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To: Captain Peter Blood

That’s a fair point. Basically we’re damned if we do (raise rates) and damned if we don’t.
By the way, does anyone know when we last had an actual federal budget? Aren’t all these CR’s that keep raising the debt ceiling unconstitutional? Seems like it.


41 posted on 06/13/2024 11:57:18 AM PDT by Deo volente ("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
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To: Miami Rebel

It misses nothing. ANd if you look closely, it puts the claim that “inflation has been trending down” in perspective (ie, reality).

After years of parabolic price increases a few months of merely average ones are effectively meaningless to anyone who has to buy stuff.

2021 - 4%
2022 - 10%
2023 - 6%
2024 - 2.3 so far

You reason in synch with the beaurocrats who push the press releases — decreasing increases is good news!

Most of us are still gonna pay upwards of 50 grand for new pickup truck — 400% the cost of my first one.

Most of us are gonny pay upwards of a half a million dollars for a starter home on a postage stamp lot in some subdivision — 55 times what my parents paid for the one I was born in.

Enjoy your stats, bro!


42 posted on 06/13/2024 12:13:06 PM PDT by xoxox
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To: Captain Peter Blood

That too.


43 posted on 06/13/2024 2:36:03 PM PDT by HYPOCRACY (Brandon's pronouns: Xi/Hur)
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