Posted on 09/18/2024 3:05:03 PM PDT by artichokegrower
The Federal Reserve cut interest rates Wednesday by the biggest amount in 16 years.
The 50 percentage points reduction will make borrowing money less expensive, taking some of the pressure off consumers' wallets.
Today's cut brings benchmark borrowing costs down to between 4.75 percent and 5 percent.
(Excerpt) Read more at dailymail.co.uk ...
Bingo. You win. Temporary short-term fix, kinda. What a joke they are, these Democrats. Don’t worry, old Joe has got it all under control.....
Next Presidential Swearing In
January 20, 2025. Swearing-In Ceremony (12 pm ET): The
president-elect and vice president-elect will take the oath of
office at the U.S. Capitol
https://www.nps.gov/subjects/inauguration/schedule-of-events.htm
Next Presidential Swearing In
January 20, 2025. Swearing-In Ceremony (12 pm ET): The
president-elect and vice president-elect will take the oath of
office at the U.S. Capitol
https://www.nps.gov/subjects/inauguration/schedule-of-events.htm
Twitter thread…
Last 2 times the Fed’s first cut was 50+ bps:
🔸Jan 3, 2001
- S&P 500 fell ~39% next 448 days
- Unemployment rose another 2.1%
- Recession
🔸Sep 18, 2007
- S&P 500 fell ~54% next 372 days
- Unemployment rose another 5.3%
- Recession
What it means?, that I’m glad I locked in 5.35% CD’s in the last two weeks.
Can I have grape jelly, too?
Amen!
What it means is that if you are granny or anyone then you have no secure way for your savings to keep up with inflation. You Lose!
Is this one of those...”I see what you did there comments? LOL!
The issue with leasing is that the Leasing Dealers say you have to do full comprehensive Insurance. The Cost of that per month is the same or more as the lease payments(the same issue if you financed it.
So forget about leasing or financing(even if the interest rates go to zero. The insurance prices make that impossible.
Another indicator that democrats are getting more and more desperate as we get closer to the election.
So, take the pressure off your wallet by borrowing more money…
PANIC!
Not one of my utility bills have decreased. In fact, my water/sewer bill just increased rates 15%. Don’t see any price relief in my grocery bills, either. The only reason gas is down just a bit is because of the fuel mix changeover, IMO.
Not good news- inflation will take off, Gold will rise. Watch the USD closely.
I said inflation decreased, not the cost. Inflation is the rate it continues to increase by. So if inflations is 10% for 10 years, and then goes to zero, it doesn’t mean that prices go back to where they were 10 years ago, just that they aren’t going up any more.
I understand that, but my utility bills don’t. (the rates).
Yes, buy all you can as prices are headed up. Especially homes.
And Powell makes this cut as the market is at all time highs.
It just started it’s engine that is for sure.
Because interests rates have little to do with the high costs in this economy, nothing. They didn’t do a thing.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.