oh no said:

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audit the fed

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Gold Standard

Tex117 said:

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What is the fed looking at to take this kind of a cut? Something in the data has them concerned.

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**** has broken behind the scenes. average joe doesn't know yet but it's coming.

Detmersdislocatedshoulder said:

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Tex117 said:

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What is the fed looking at to take this kind of a cut? Something in the data has them concerned.

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**** has broken behind the scenes. average joe doesn't know yet but it's coming.

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This is what Im getting at.

Sure politics schmolitcs...but this is what's really going.

Detmersdislocatedshoulder said:

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Tex117 said:

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What is the fed looking at to take this kind of a cut? Something in the data has them concerned.

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**** has broken behind the scenes. average joe doesn't know yet but it's coming.

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Quote:

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Sept. 17, 2024
Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut

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https://www.marketwatch.com/story/u-s-retail-sales-taper-off-in-august-but-still-point-to-stable-economy-b2bd919e

infinity ag said:

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0.5.

If he goes 0,25 market will be disappointed and stocks will fall.

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YEAH!

fixer said:

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So we are gonna have a valueless currency and price controls with Harris.

Tell me again how this isn't a communist state?

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oh we're going full bodied communist.

but at least we'll have equity! equity of skin tones in the prison population. equity of outcomes for surgeons and pilots alike! reparations for all who are oppressed and all who want to come here and pretend to be oppressed! oppressed students can have their liberal arts degrees paid off... and you will own nothing and be happy!

Aren't rate reductions supposed to excite the market? All 3 major indices trading lower right before the close…

No, not really. Rate cuts don't signal positive signs for economy.

Jeeper79 said:

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infinity ag said:

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0.5.

If he goes 0,25 market will be disappointed and stocks will fall.

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If he goes .5, markets will freak out and fall.

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Agreed

AggieVictor10 said:

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Jeeper79 said:

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fc2112 said:

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I want a 0.50% cut as there will be a reactionary market bump and I got a few positions to unload.

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I think .5 causes a freak out.

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Why?

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It means the Fed is scared ****less about the state of the economy

captkirk said:

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AggieVictor10 said:

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Jeeper79 said:

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fc2112 said:

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I want a 0.50% cut as there will be a reactionary market bump and I got a few positions to unload.

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I think .5 causes a freak out.

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Why?

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It means the Fed is scared ****less about the state of the economy

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Help me understand this…everyone was clamoring for 75 bps…

50 seen as not good enough and that's why the markets reacted poorly?

Market is confused on what this means. I think it will go up nicely tomorrow.

FireAg said:

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captkirk said:

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AggieVictor10 said:

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Jeeper79 said:

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fc2112 said:

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I want a 0.50% cut as there will be a reactionary market bump and I got a few positions to unload.

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I think .5 causes a freak out.

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Why?

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It means the Fed is scared ****less about the state of the economy

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Help me understand this…everyone was clamoring for 75 bps…

50 seen as not good enough and that's why the markets reacted poorly?

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Everyone? Is this gaslighting?

So the feds lower the rate, yet the market takes a stumble. Am I missing something.

Discussions with the folks who help me manage assets say that next year will be a whopper for inflation. Of course, these guys really don't know, and their crystal ball may be cloudy- right now interest and YTM returns ain't so hot.

Psycho Bunny said:

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So the feds lower the rate, yet the market takes a stumble. Am I missing something.

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That's what I see…

Was it 2007 or 2008?

This was meant to be helpful to Kamala. The Swamp isn't going to just let Trump easily have the White House back. Their Intelligence is trying to kill him, their judicial system is trying to jail him, and their other Swamp operatives are trying to help her in every was possible, including lying, scamming, and hiding details.

But the rate cut is too late--they needed in the last 60 days, not with 50 days to go. That rate cur won't even be felt anywhere in the economy to help.

She'd have been better off having states scream that they aren't gonna kill babies on demand--THAT would help her immensely...and that may still happen. The #1 reason for anyone to vote for her is abortion. A situation that is incredibly rare and won't be anything you will even deal with in your lifetime.

That's where we are. Trump is mean, Kamala wants to let me abort my babies, and CLIMATE CHANGE!!!

The market started to come off its peak in September 2007, got further agitated in March 2008 when Bear Stearns failed, and then all hell broke loose when Lehman brothers failed in September 2008. That's when it looked like big banks could fail and the government stepped in to keep them afloat. The market reached the bottom in December 2008 and then began a steady climb from the depths. The heart of the recession was Q4 of 2008 through most of 2009.

Logos Stick said:

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Detmersdislocatedshoulder said:

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Tex117 said:

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What is the fed looking at to take this kind of a cut? Something in the data has them concerned.

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**** has broken behind the scenes. average joe doesn't know yet but it's coming.

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Quote:

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Sept. 17, 2024
Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut

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https://www.marketwatch.com/story/u-s-retail-sales-taper-off-in-august-but-still-point-to-stable-economy-b2bd919e

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People, like the government, are just spending money they don't have with hopes that someone else will take the shot in the nuts for them when they default. This will make it worse.

The DJIA hit its highest point on 10-9-07. It ended the year just under 900 points below that so not a crash by any means.

The real hit to the markets started in January, 2008 and all of the implosions of financial institutions started in the spring and accelerated through the summer and fall. Congress passed the Emergency Economic Stabilization Act of 2008 in October.

Wikipedia, for all the crap it contains, has a good timeline of it all, and is where I pulled the information from.

https://en.wikipedia.org/wiki/2007%E2%80%932008_financial_crisis#Timeline

C@LAg said:

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Why does the "strongest economy evah!!!!!!!!" need a rate cut?

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C@LAg said:

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Why does the "strongest economy evah!!!!!!!!" need a rate cut?

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To be devil's advocate, Trump got three 25 basis point rate cuts from August to October 2019. From 2.25% to 1.50%. And that still is touted as the "best economy ever".

MemphisAg1 said:

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The market started to come off its peak in September 2007, got further agitated in March 2008 when Bear Stearns failed, and then all hell broke loose when Lehman brothers failed in September 2008. That's when it looked like big banks could fail and the government stepped in to keep them afloat. The market reached the bottom in December 2008 and then began a steady climb from the depths. The heart of the recession was Q4 of 2008 through most of 2009.

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Thanks.

C@LAg said:

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BoydCrowder13 said:

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C@LAg said:

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Why does the "strongest economy evah!!!!!!!!" need a rate cut?

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To be devil's advocate, Trump got three 25 basis point rate cuts from August to October 2019. From 2.25% to 1.50%. And that still is touted as the "best economy ever".

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and yet it was not done weeks before an election where the democrat is not doing as well as the State wants her to be doing.

and the economy was ACTUALLY in great shape then across the board. That cannot be said about this year. Some bright parts, yes. But overall, no.

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Fair enough. Unfortunate timing for the election, but it is likely time for the Fed to ease rates a bit. We will see if they pull it off without restarting significant inflation and avoiding waiting too long and causing significant unemployment.

My point was that rate cuts happen in good and bad economies. Heck though he didn't win, Trump was lucky for all the Fed intervention in 2020. Can you imagine how bad his poll numbers would have been if the stock market hadn't been artificially spiked to all time highs in fall 2020? Resulted in inflation issues down the road but sure gave us a short term sugar high.

JWinTX said:

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This was meant to be helpful to Kamala. The Swamp isn't going to just let Trump easily have the White House back. Their Intelligence is trying to kill him, their judicial system is trying to jail him, and their other Swamp operatives are trying to help her in every was possible, including lying, scamming, and hiding details.

But the rate cut is too late--they needed in the last 60 days, not with 50 days to go. That rate cur won't even be felt anywhere in the economy to help.

She'd have been better off having states scream that they aren't gonna kill babies on demand--THAT would help her immensely...and that may still happen. The #1 reason for anyone to vote for her is abortion. A situation that is incredibly rare and won't be anything you will even deal with in your lifetime.

That's where we are. Trump is mean, Kamala wants to let me abort my babies, and CLIMATE CHANGE!!!

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This actually makes me wonder if Powell purposely held off with the rate cut to NOT help her out. Granted, he doesn't have the best relationship with Trump, but I'm sure he understands how much worse the economy would get with her in charge.

Nothing is going to "fail". We are in an undeclared recession, esp for tech. It will take some time to resolve.

Some of y'all really don't understand how interest rates work.

It signifies that the economy is weakening. The effects of the cut now won't be felt before November in any real way.

Covid was a weird time where they cut interest rates to near zero, but for many Americans, they were flush with savings and were able to really take advantage of that with housing, cars, and otherwise spending.

This isn't usually the case.

Can you hear the printers warming up?



Buy Gold and Bitcoin people, enjoy hyperinflation folks.

Futures are up.

BoydCrowder13 said:

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C@LAg said:

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BoydCrowder13 said:

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C@LAg said:

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Why does the "strongest economy evah!!!!!!!!" need a rate cut?

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To be devil's advocate, Trump got three 25 basis point rate cuts from August to October 2019. From 2.25% to 1.50%. And that still is touted as the "best economy ever".

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and yet it was not done weeks before an election where the democrat is not doing as well as the State wants her to be doing.

and the economy was ACTUALLY in great shape then across the board. That cannot be said about this year. Some bright parts, yes. But overall, no.

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Fair enough. Unfortunate timing for the election, but it is likely time for the Fed to ease rates a bit. We will see if they pull it off without restarting significant inflation and avoiding waiting too long and causing significant unemployment.

My point was that rate cuts happen in good and bad economies. Heck though he didn't win, Trump was lucky for all the Fed intervention in 2020. Can you imagine how bad his poll numbers would have been if the stock market hadn't been artificially spiked to all time highs in fall 2020? Resulted in inflation issues down the road but sure gave us a short term sugar high.

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The Fed clearly is biased against Republicans /s. Go see what they did with rates in 2008 and 2020 when they dramatically dropped rates and did a bunch of qualitative easing.

If you think the Fed is helping Harris then you should also say this same Fed Chair (nominated originally by Trump) tried to help Trump in 2020.

Many economists have stated Fed rate changes usually take 12-18 months to affect the economy. This is not going to have an affect on the election unless Trump use this to show this economy sucks. Rs should be thanking the Fed.