08-02-2024, 08:10 PM
oh I'm sure this will be called a "Correction" and any fearmongering is Trumps fault.
This was two days ago (From this posting so don't come back here in a decade and try and call me out).
The Fed Suggested That Rate Cuts Could Come Soon - The New York Times (nytimes.com)
It's going to be one of those "Wait till after the election" thing so that high interest rates can be maintained so that the Fed can finish paying off their new building complex in DC.
This was two days ago (From this posting so don't come back here in a decade and try and call me out).
The Fed Suggested That Rate Cuts Could Come Soon - The New York Times (nytimes.com)
Quote:Federal Reserve officials left interest rates unchanged at their July meeting, as economists had expected, and hinted that recent progress in lowering inflation could enable them to cut interest rates soon.
- The Fed decided on Wednesday to hold interest rates steady at about 5.3 percent — a two-decade high where they have remained for a year now.
- Notably, though, officials also tweaked their post-meeting policy statement to call price increases only “somewhat elevated” and to underscore that officials are attentive not just to the risk of lingering inflation but also to the threat of a job market slowdown.
- Jerome H. Powell, the Fed’s chair, said at a news conference that a rate cut “could be on the table” at its next meeting on Sept. 18.
It's going to be one of those "Wait till after the election" thing so that high interest rates can be maintained so that the Fed can finish paying off their new building complex in DC.
