Posted on 02/18/2024 10:31:31 AM PST by tlozo
Federal Reserve chairman Jerome Powell is not known for his resolve.
It’s the main reason why the new and emerging consensus among Wall Street Fed watchers is that he will cut interest rates at least twice this year despite signs of persistent inflation, the Post has learned.
If the CEOs and top executives who follow the Fed can be believed — and these folks have sources inside the central bank’s building in DC — Powell is already brushing off last week’s high inflation reads as a likely anomaly.
His first rate cut since he started to raise them in March 2022 will come in June, they say.
It will be followed by a second one in September, they tell me.
And maybe a third one after the November presidential election.
(Excerpt) Read more at nypost.com ...
The agenda is as obvious as dog balls; anyone with a lick of sense knew this would happen.
That’s why I held off buying a new car; the interest rates would of course fall just enough to get Brandon, Gretchen, Big Mike, whoever over the line.
Should I get a Honda or a Subaru?
All to try to goose the economy to stop Trump from getting back in. These people are just completely driven insane by Trump.
Terrible move but politically predictable. Hold or raise them would be better.
that should goose up the markets, make the voters feel good about Bidenomics, because we know Biden will take credit for it.
Yep and move them back up independent of who wins in Dec
Hi.
Imho it is not a good idea to cut the Fed Funds rate in a global inflationary scenario.
Who will buy our Treasuries?
5.56mm
He threatens their gravy train.
Powell is just another political hack afflicted by TDS.
Dumb move. If you can’t cut rates when the economy is in trouble then we dont have a FED plan for the future. Might as well eat your seed corn.
We’ve been very happy with our Honda - ten years old now, and 40K miles on it; never needed anything but routine maintenance.
My FIL loved his Forester, but the Freepers will call you a Lesbian.
Hyper inflation or recession. Pick your poison. Powell is an idiot. Neither will work to help the vegetable in office and his commie handlers. Desperate scumbags.
Biden’s goons and thugs will ‘adjust’ the numbers to make it look okay... then they’ll readjust the lies months later. Damage done.
Democrats don’t care what happens to the country.
Dumb move.“
It is not stupidity. It is about keeping that Treasonous prick in the White House. We make a mistake if we believe for a second anything these evil bastards do is done with the best interests of the country in mind. Everything is a calculation to keep and gain power and control.
“Freepers will call you a Lesbian”
I self-identify as a male lesbian.
I loved the Forester we rented on vacation, and I'm attracted to women. Coincidence?
According to the Freepers, driving a Forester won’t necessarily attract the kind of women you probably want...
My FIL loved his Forester, but the Freepers will call you a Lesbian.”
His car is a lesbian? I don’t want to see that in parking lot, wonder if insurance would cover it?
That’s okay; I’ve caught my limit.
not a Gasparino fan. he peddles a lot of gossip, but is no economist.
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