SECTAMU#1 said:
25 basis points
Fed meeting today - rate cut
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Last: 4 mo ago by infinity ag
Detmersdislocatedshoulder
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Jeeper79 said:The job market is softening. That's the other half of the Fed's mandate, and the one they're paying closer attention to.Gaw617 said:
Any rate cut means it is purely political. Inflation is still very strong
which employment numbers are they following. the bogus lies on employment numbers all the way up until 3 weeks ago or the revised numbers everyone knew were coming at some point in time. this whole charade is laughable. powell is a joke who has no idea what he is doing much like yellen.
Jerome Powell detests Trump (this is an open secret in DC, and financial circles), who has publicly stated he will not re-appoint him, and warned against cutting rates prior to the election.Jeeper79 said:
Jerome Powell is Trump's appointee. But either way, I don't think that affects the decision. I think it's 25 basis points.
BREAKING, INSIDE THE FEDERAL RESERVE: Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not… pic.twitter.com/5CqZX2LhwT
— James O'Keefe (@JamesOKeefeIII) April 10, 2024
No cut today
Makes it clear the next move will be down
Same as it has been for the last three meetings
Makes it clear the next move will be down
Same as it has been for the last three meetings
.25
I hope they raise the rates
Inflation continues to rise. There will be a raise in the rate.
Jeeper79 said:I think .5 causes a freak out.fc2112 said:
I want a 0.50% cut as there will be a reactionary market bump and I got a few positions to unload.
Why?
hard times create strong men. Strong men create good times. good times create weak men. and weak men create hard times.
less virtue signaling, more vice signaling.
Birds aren’t real
Lol,lmao
less virtue signaling, more vice signaling.
Birds aren’t real
Lol,lmao
Reduction announced - 1/2 pt
Yikes!
Yikes!
the Fed officially cuts the rate by 50 basis points.
1/4 drop was priced in. A market bump required a bigger reduction…which also means they must be seeing bad things on the horizon
Cutting rates at "full employment."
Let's just say the price stability mandate of the Fed is officially dead.
Let's just say the price stability mandate of the Fed is officially dead.
Desperation setting in
The Harris Assistance rate cut.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
Let's see what his PC brings in 25 mins. May sink the markets when he explains why they went with 50 basis points.
And yet the market just shot up.MasonB said:
1/4 drop was priced in. A market bump required a bigger reduction…which also means they must be seeing bad things on the horizon
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
Powell doin' work for the Dems!
The market and the economy are not the same thing. They can move in diff directions easily.Rapier108 said:And yet the market just shot up.MasonB said:
1/4 drop was priced in. A market bump required a bigger reduction…which also means they must be seeing bad things on the horizon
Bad things on the horizon could be hundreds of thousands of jobs lost. The market will react happily because of the incoming Fed stimulus and the asset inflation it causes.
That's the first part of my comment - a 1/4 was priced in but a 1/2 was not.
Short term pop - but will likely fade/fall as the numbers behind it come to light
Short term pop - but will likely fade/fall as the numbers behind it come to light
Oh I know, but the media and Democrats will focus on the stock market to claim it is proof that Bidenomics is working and we should continue with Harris.Sims said:The market and the economy are not the same thing. They can move in diff directions easily.Rapier108 said:And yet the market just shot up.MasonB said:
1/4 drop was priced in. A market bump required a bigger reduction…which also means they must be seeing bad things on the horizon
Bad things on the horizon could be hundreds of thousands of jobs lost. The market will react happily because of the incoming Fed stimulus and the asset inflation it causes.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
And like white on rice, with any possible 'bad news' for the Trump campaign, we have the usual show up…
What is the fed looking at to take this kind of a cut? Something in the data has them concerned.
Its fading pretty quick.Rapier108 said:And yet the market just shot up.MasonB said:
1/4 drop was priced in. A market bump required a bigger reduction…which also means they must be seeing bad things on the horizon
The election polls.Tex117 said:
What is the fed looking at to take this kind of a cut? Something in the data has them concerned.
its not just that. Nothing is that simplistic at that levelMax Stonetrail said:The election polls.Tex117 said:
What is the fed looking at to take this kind of a cut? Something in the data has them concerned.
Given the polls come out lately, I doubt Harris needs any help from the Fed.Max Stonetrail said:The election polls.Tex117 said:
What is the fed looking at to take this kind of a cut? Something in the data has them concerned.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
Yea boi. Me after FL game last wk...TyHolden said:
I'm betting everything on the Eggies this weekend to cover. Screw the feds.
Just give it another 10 mins or so. Powell will tell you.
Given the opportunity of a short-term sugar high or working to get inflation under control....
Fed chooses: Sugar baby!!
Fed chooses: Sugar baby!!
The federal deficit and the interest on the national debt. The house of cards is getting wobbly.Tex117 said:
What is the fed looking at to take this kind of a cut? Something in the data has them concerned.
Rapier108 said:Given the polls come out lately, I doubt Harris needs any help from the Fed.Max Stonetrail said:The election polls.Tex117 said:
What is the fed looking at to take this kind of a cut? Something in the data has them concerned.
He really just can't help himself. Meanwhile, Democrat Nate Silver gives Trump a 58+ percent chance to win. Sad!Kraft Punk said:Rapier108 said:Given the polls come out lately, I doubt Harris needs any help from the Fed.Max Stonetrail said:The election polls.Tex117 said:
What is the fed looking at to take this kind of a cut? Something in the data has them concerned.
Ag87H2O said:The federal deficit and the interest on the national debt. The house of cards is getting wobbly.Tex117 said:
What is the fed looking at to take this kind of a cut? Something in the data has them concerned.
And pumping up Kamala.
Another month would not have mattered. Powell waited for months - until March of 2022 - after skyrocketing inflation and yet pulls the trigger early here. It's election interference. Powell hates trump, has made that clear and he's deep state.
Quote:
July 28, 2021: The Fed holds rates steady at near-zero levels, labeling rising inflation a "transitory" phenomenon
Powell is a politcal animal and this is a largely political decision. Has been throughout the B-H admin. This admin started it by slow walking his re-confirmation to wait to make sure he would leave rates low so they could get the IRA passed. Once that was passed and he was confirmed, he promptly raised rages 0.75 bps 3 times in quick succession, which ultimately led to the highest inflation in 40 years. He also knows there is no way he stays on if Trump is elected.Tex117 said:its not just that. Nothing is that simplistic at that levelMax Stonetrail said:The election polls.Tex117 said:
What is the fed looking at to take this kind of a cut? Something in the data has them concerned.
Historically, over almost all of the last 10 or so Fed rate changes, the immediate market reaction direction reversed course over the following weeks. If this holds, we are likely headed down.