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The Fed’s desperate rate-cut moves unveil economic weakness during the inflation crisis.
Citizen Watch Report ^

Posted on 12/14/2023 6:42:56 PM PST by davikkm

In a distressing revelation, the Federal Reserve anticipates three rate cuts next year, acknowledging the challenge posed by persistent inflation. The economic engine falters as demand plummets for homes, vehicles, and goods, painting a grim picture of financial distress among Americans.

Once deemed a lifeline, credit cards are now avoided, sinking below pre-pandemic levels. Soaring default rates further darken the economic landscape. Powell’s unexpected dovish shift marks a stark departure from his recent hawkish stance, signaling an alarming shift. The Fed’s surrender to inflation raises concerns, leaving a trail of confusion and uncertainty.

(Excerpt) Read more at citizenwatchreport.com ...


TOPICS: Business/Economy; Government
KEYWORDS: debt; deficit; economy; fed; inflation; interest; ratecut; rates
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1 posted on 12/14/2023 6:42:56 PM PST by davikkm
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To: davikkm

Could there be an election year coming? Anyone who shops for groceries does not believe the propaganda media when it says that the economy is doing great.


2 posted on 12/14/2023 6:46:29 PM PST by Freee-dame
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To: davikkm

The UPS driver for my neighborhood said it was the slowest he’s ever been for Christmas season.


3 posted on 12/14/2023 6:47:27 PM PST by bort
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To: davikkm

They know that if rates go up a bunch of businesses tip over.
Yet they won’t stop printing money, won’t stop spending money that doesn’t exist, and won’t stop wasteful policies that increase unfunded liabilities.


4 posted on 12/14/2023 6:49:42 PM PST by Darksheare (Those who support liberal "Republicans" summarily support every action by same. )
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To: davikkm

We’ll have to tackle inflation. Vote out the Democrats. That worked for us back in ‘80.


5 posted on 12/14/2023 6:50:56 PM PST by MinorityRepublican
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To: davikkm

Why prolong te pain? They should have been more aggressive cutting rates to fight inflation. To beat inflation you need to take your medicine m


6 posted on 12/14/2023 6:51:39 PM PST by nickcarraway
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To: Freee-dame
Could there be an election year coming?

The scheduled rate cuts will increase inflation. Maybe Powell is working against Biden's re-election.

7 posted on 12/14/2023 6:54:47 PM PST by Right_Wing_Madman
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To: nickcarraway
They should have been more aggressive cutting rates to fight inflation.

You've got it backwards. The Fed raises the prime rate to fight inflation, which Powell has been doing for the past 18 months.

8 posted on 12/14/2023 6:59:43 PM PST by Right_Wing_Madman
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To: nickcarraway

Cutting rates to fight inflation? Uhh... thats backwards.


9 posted on 12/14/2023 7:03:23 PM PST by bigdaddy45
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To: Darksheare

Yep. Banks are on the hook for 5.5 right now.

They have a boatload of mortgages under 4.

Bit of a mess.


10 posted on 12/14/2023 7:04:16 PM PST by eyedigress (Trump is my President!)
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To: MinorityRepublican

Back then, we were the world’s creditor nation. Now we are the biggest debtor in all of human history. Not that easy today to fix things.


11 posted on 12/14/2023 7:05:49 PM PST by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up.)
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To: Right_Wing_Madman

Sorry, I mistyped. They should have been raising rates more aggressively. They didn’t do enough of it.


12 posted on 12/14/2023 7:06:35 PM PST by nickcarraway
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To: eyedigress

It’s going to be uuuuuugly.


13 posted on 12/14/2023 7:06:59 PM PST by Darksheare (Those who support liberal "Republicans" summarily support every action by same. )
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To: DesertRhino

Their whole plan.


14 posted on 12/14/2023 7:08:16 PM PST by Darksheare (Those who support liberal "Republicans" summarily support every action by same. )
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To: Freee-dame
(Could there be an election year coming?)

Yep

(Anyone who shops for groceries does not believe the propaganda media when it says that the economy is doing great.)

Exactly




15 posted on 12/14/2023 7:08:18 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: nickcarraway
Sorry, I mistyped.

Got it!

16 posted on 12/14/2023 7:09:31 PM PST by Right_Wing_Madman
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To: Darksheare

I went to the sidelines two months ago.

The gamblers can have this market.


17 posted on 12/14/2023 7:14:20 PM PST by eyedigress (Trump is my President!)
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To: eyedigress

Bunch of weirdos out there saying it’s a great time to make risky investments or trades.
And a bunch of idiots younger than me believe it.


18 posted on 12/14/2023 7:17:07 PM PST by Darksheare (Those who support liberal "Republicans" summarily support every action by same. )
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To: Darksheare

Market has to drive all the money back into the market to sell it off. That’s currently going on. However, with rising inflation, the market looks cheaper and cheaper in the long run.


19 posted on 12/14/2023 7:20:05 PM PST by Theoria
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To: davikkm

I don’t know what this CWR place/thing other than click bait.
Fed is composed of knuckleheads. Yep. We know that.
Big banks have an agenda. Yep. We are not in the club.
Economy is a fluster-cluck. Yep. See above.
Maybe CWR just enjoys repeating the obvious?


20 posted on 12/14/2023 7:20:09 PM PST by Honest Nigerian
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