Live Updates: Fed Announces Big Rate Cut

NYT ^ | 2 min ago | NYT

[xoxox]

lol. someone got out of the stock market too early.

[xoxox]

definitely think they sent that message.

[SaxxonWoods]

“Weird market reaction”

Buy the rumor, sell the news, and very minor. I think some players are still digesting but this was pretty much as expected. Futures were predicting a 59% chance of a .50% cut, IIRC.

[FlipWilson]

Quote: “Fed trying to prop up the economy for Comrade Kommie-La.”

It’s too late, quite frankly.

[Georgia Girl 2]

Just before the election too. 🙄

[Vermont Lt]

1/2 a point indicates a degree of “concern” by the Fed. People are looking at them wondering what they know.

The immediate reaction is sell high and buy back lower. I doubt very much if Gold and Silver will be much lower next week.

Money always goes where it is most “loved.”

[exPBRrat]

Hahaha “the people we serve,”...

...
You mean the demoncrats?

[Signalman]

Here comes more inflation.

[frogjerk]

It’s not the job of the FED to play with interest rates. It is to control the money supply. The market should set rates.

[frogjerk]

Inflation is not caused by interest rates. Prices may go higher like housing and such but that is not inflation.

[b4me]

exactly!

the higher ups, not we the citizens

[The Sons of Liberty]

Idiot Joe, KJP and Kommie-La will tout this as a “victory”, but one trip to the grocery store or to the gas station should erase that claim.