Fed slashes interest rates by the biggest amount in 16 YEARS - here's what it means for you

Daily Mail ^ | September 18, 2024 | Tilly Armstrong

[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.

[nickcarraway]

I get you, but the only thing we can be sure of is stopping it from going up more.

Deflation isn't fun either.

[Gaffer]

I don’t see that happening if that moron Harris gets installed.

[PeterPrinciple]

Because interests rates have little to do with the high costs in this economy, nothing. They didn’t do a thing.

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Who is the biggest borrower and who benefits the most?

[matthew fuller]

"if you're having millions of people come into the labor force and you're creating 100,000 jobs"

Sounds to me like if you create 100,000 jobs, then out of that X millions coming into the labor force, then you have also created multiple x times UNEMPLOYED 100,000's. Where am I going wrong?

[Boomer]

Prepare for 'stagflation'.

stagflation /stăg-flā′shən/ noun

Sluggish economic growth coupled with a high rate of inflation and unemployment. Inflation accompanied by stagnant growth, unemployment or recession. A period of slow economic growth and high unemployment (stagnation) while prices rise (inflation).

[matthew fuller]

Silly me, I keep forgetting-THEY (The biden/cloward/piven crowd) WANT to drive the economy into the tank, THEY don’t want the national economy to succeed.

[Captainpaintball]

It means this is the not the first September 18th in semi-recent times that the fed lowered rates.

another in was 2007.

[blackberry1]

Memo to self. Always bet on inflation. Politicians cannot survive a deflationary environment. Especially Donald Trump. He will never utter the words balanced budget.

Folks, they are all. gonna inflate till they burn it down.

[SaveFerris]

(Blatant election interference)

That’s exactly what it is.

It is no more complicated than that.

[Varsity Flight]

“Immigration”

https://prophecywatchers.com/videos/billy-crone-the-planned-destruction-of-america/

[Varsity Flight]

“Influx of immigrants has impacted unemployment rate, Powell says
When asked about job creation being just over 100,000 per month for the last three months, Powell noted that immigration into the US plays a part in job growth.

‘Job creation depends on inflows,’ said Powell. ‘So if you’re having millions of people come into the labor force and you’re creating 100,000 jobs, you’re going to see unemployment go up.

‘So it really depends on what’s the trend underlying the volatility of people coming into the country,’ he continued.

‘We understand there’s been quite an influx across the borders, and that’s been one of the things that has allowed the unemployment rate to rise.”

Influx of immigrants has impacted unemployment rate, Powell says
When asked about job creation being just over 100,000 per month for the last three months, Powell noted that immigration into the US plays a part in job growth.

‘Job creation depends on inflows,’ said Powell. ‘So if you’re having millions of people come into the labor force and you’re creating 100,000 jobs, you’re going to see unemployment go up.

‘So it really depends on what’s the trend underlying the volatility of people coming into the country,’ he continued.

‘We understand there’s been quite an influx across the borders, and that’s been one of the things that has allowed the unemployment rate to rise.

The Planned Destruction of America

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