David Tepper says the Fed has to cut rates at least two or three more times to keep credibility

CNBC ^ | 9/26/2024 | Yun Li

[Miami Rebel]

Tepper is one of the greatest money managers of recent decades. In the 31 years of Appaloosa, his investors' average return has been 28% after fees.

I haven't touched a Chinese stock in decades, but I might take a flyer on an ETF if the market pulls back from its highs. As to bonds, as I have posted earlier, I took a profit on the TLT at 100 and have been buying corporates (which have all traded up in the last month.)

[montag813]

I hope they listen. It will do wonders for my gold and crypto holdings

[xoxox]

yeah. he's clearly long.

credibility

with money managers like tepper

[DIRTYSECRET]

Do we need a Fed?

[God luvs America]

“Tepper is one of the greatest money managers of recent decades.”

He sure as heck has no clue how to pick quarterbacks

[xoxox]

the horse is a bit out of the barn now, no?

[martin_fierro]

If the Fed wanted credibility, they’d submit to an impartial external audit.

[Tell It Right]

Do we need a Fed?

The Dims do during an election year. Lower rates helps prop up the economy.

[Dr. Sivana]

He sure as heck has no clue how to pick quarterbacks

Perhaps his quarterbacks would fare better when they land on teams with the other pieces needed (e.g. o-line, defense, coaching).

Darnold and Mayfield found their footing in new homes.

[cymbeline]

“He sure as heck has no clue how to pick quarterbacks”

Or quarterbucks

[bray]

And you thought he was only a medical expert.

[eyeamok]

Fire up the Easy Credit, let’s start Printing Trillions more, should work out just peachy...

[God luvs America]

Don’t disagree- Tepper outta stick to managing money rather than football teams

[CodeJockey]

Me too! My savings and CD rates will soon be more that 6%.

It pays to save!

[frogjerk]

Lower rates helps prop up the economy.

Didn't seem to work this time.

[frogjerk]

Gross domestic product has been rising steadily, and the Atlanta Fed is tracking 3% growth in the third quarter based on the resilience in consumer spending. Meanwhile, most gauges showed inflation is still well ahead of the Fed’s 2% target. However, there has been a slowdown in the labor market, which partly prompted the oversized rate reduction.

How much of GDP is government spending? Asking for a friend...

[Revel]

And make sure you do it before the ELECTION! We need to fool the American people.

Say goodbye once again to making any safe interest on savings.

[Larry Lucido]

How do you keep what you never had?

[linMcHlp]

No more rate cuts until 1 year from now, or later.

[Rdct29]

The feds cutting rates right now is more for political reasons than economic ones. They are arranging chairs on the deck of the Titanic. Inflation isn't going anywhere for a while, especially when our government keeps printing and spending money like drunk Nancy Pelosi. Even if Trump wins in November I don't know if he can turn things around. He will definitely be a thousand percent better than the airhead Kamala.