Posted on 12/12/2023 8:00:06 AM PST by zeestephen
Fed to begin cutting rates in June, according to a majority of the respondents to the CNBC Fed Survey. [Just in time to help the Democrats!]
(Excerpt) Read more at cnbc.com ...
Election season.
ALL their ‘reports’ are fake.
ESPECIALLY unemployment.
And, the NPC’s and other low-IQ “voters” will think that this means their HEERO BeijingBiden was right all along.
Which will be the way to usher Newsome into the WHouse.
I don’t think Powell is going to cut at all - no matter how much pressure the White House puts on him. In fact, I would say further tightening is more likely than easing.
Fighting fire with gasoline......................
Quicksand is soft.
It’s gonna be a ‘soft landing’ alright.
And you get ONE guess as to what we’ll be landing in. ;)
Nicely done ;-)
99% of Americans will be financially worse-off than they were pre-pandemic by mid-2024, JPMorgan says.
It’s a small price to pay for no more mean tweets from the mean/bad orange man...
12/11/2023, 12:25:37 PM · by Hojczyk · 39 replies
Business Insider ^ | Dec 7, 2023, 11:51 AM EST | Phil Rosen
If they’re already forecasting mid-year rate cuts, they’re no longer data dependent...
If they do, it will be done only as an attempt to help Idiot Joe and the Crooked dems, NOT because the economy has returned to normal.
There is NO SUCH THING as a SOFT LANDING when it comes to a 300% increase in interest rates
Yup, market rally just in time for the election. Lookee lookee.
I guy I rent a house to wants to buy it. I told him to wait until the election draws near as the dems might force rates down as part of another attempt to rig an election and then he could get a lower FIXED rate mortgage...
Then after the inevitable collapse of everything he could perhaps pay it off at a lower rate and with dollars of reduced value.
This may be bad advice as I’m rather simple-minded when it comes to finances...
We can also look forward to fake low inflation reports.
Indeed election year juggling
You have it backwards.
The administration would benefit from a slackening of the labor market so as accelerate Fed easing.
“I don’t think Powell is going to cut at all - no matter how much pressure the White House puts on him. In fact, I would say further tightening is more likely than easing.”
He has to talk tough, but there is zero possibility of any more hikes. The only question is how soon cuts will be made.
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