September Rate Cut Would Thrust Fed Into Brutal Election Campaign

The Wall Street Journal ^ | July 31, 2024 | Nick Timiraos

[Ancesthntr]

“You cut when it’s time to cut, you raise when it’s time to raise. The FED has been pointing at Sept for months, check the dot plots. There is no mention of elections in the FED’s mandate of operation.”
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So you must think that the Fed only just became aware of the fact that there’s an election in November and did not know this several months ago.

[EVO X]

A mid September rate cut might goose the stock market, but it won’t do much for the average consumer before election day. Even if lenders change rates fast, so what if the average car loan go from to 10% to 9.5%?

[9YearLurker]

Because they are afraid of a tanking economy.

[minnesota_bound]

Congress created the massive inflation that they can solve by cutting back the spending. The FED says we need to punish the public with higher interest rates.