Posted on 09/18/2024 12:47:09 PM PDT by xoxox
“We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point.
(Excerpt) Read more at nytimes.com ...
lol. someone got out of the stock market too early.
definitely think they sent that message.
“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.
Quote: “Fed trying to prop up the economy for Comrade Kommie-La.”
It’s too late, quite frankly.
Just before the election too. 🙄
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.”
Hahaha “the people we serve,”...
...
You mean the demoncrats?
Here comes more inflation.
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.
Inflation is not caused by interest rates. Prices may go higher like housing and such but that is not inflation.
exactly!
the higher ups, not we the citizens
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.
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