In that sense you are right, it's not about Republicans or Democrats, it's about self preservation.

Should've been in the opposite direction IMO. Money needs to be pulled from circulation to re-strengthen the dollar.

C@LAg said:

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Kansas Kid said:

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Rs should be thanking the Fed.

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no we shouldn't

there should have been no cut.

inflation is still an issue.

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I was referring to the election.

The Fed shouldn't exist at all when it comes to setting rates. A free market would be much better. If Trump wins, he wants to set rates and I think it is safe to say he would want zero or negative just like he did in his first term. I agree inflation will likely go back up and if either candidate follows through with their campaign promises, it will likely explode.

Kansas Kid said:

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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.

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So pointing out they made rate adjustments when two absolute catastrophes happened proves they are not biased?!

bwahahahahahahahahahaha..... breathe .... bwahahahahahahahahaha

Tex117 said:

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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.

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No *****! No one believes they will.

Harris will simply use the rate reduction as a talking point now about how the admin is bringing down inflation and rates are being adjust to reflect that and make debt more affordable in her great economy. The future is bright and the cut is more proof.

captkirk said:

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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

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This doesn't seem to be aging well already. Pre-market numbers are up.

rocky the dog said:

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It honestly feels this way. Powell has God Syndrome.

Why do it now before the election? This seems highly influenced by the Biden Admin to try and help Kamala.

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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Probably the best summation of the GFC i've seen on F16 but I feel like you are glossing over how freaking close we came to the entire global financial melting down in September 2008.

We were literally 12-24 hours away. Without TARP and all sorts of money printing behind the scenes, everything would have locked up.

Ghost Mech said:

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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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Probably the best summation of the GFC i've seen on F16 but I feel like you are glossing over how freaking close we came to the entire global financial melting down in September 2008.

We were literally 12-24 hours away. Without TARP and all sorts of money printing behind the scenes, everything would have locked up.

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Agree with your color; I was just being brief and efficient with my commentary, lol.

It's definitely going to be interesting moving forward over the next few weeks/months.

The big hurdles to avoid absolute chaos IMO:

- BRICS meeting Oct 22nd
- the election Nov 5.
- And of course avoiding full scale wars in Ukraine and in ME.

That BRICS meeting is going to be a banger. Countries representing 1/2 the global population gathering to discuss a trade settlement currency (Turkey asked to join too).....The dollar is going to have some competition on the world stage when they move forward.

I don't think they'll announce a new token currency and everyone selling all their dollar reserves in one day (that would cause way too much disruption) but I do think they'll announce some new official members, an expansion of the token use, and slow their demand for dollars. Even though most of the countries have low GDP, a 10% reduction in demand for dollars will cause some major headaches for the FED and big banks.

I can't keep up with all the moving parts month-by-month, but big picture, I'm convinced we're on a gradual path to a lot of pain due to our exploding national debt coupled with unfunded future liabilities (SS, Medicare) that exceed 100 trillion, and further exacerbated by our ongoing shift toward socialism and demands for even more free stuff.

Don't know when, but at some point the bill comes due. We'll see higher interest rates and higher taxes, a combo that will stifle economic activity and collapse the house of cards.

Don't know why people are whining about the rate cut. If you made money, great. Why is it your problem that we maintain "free markets"? Everyone knows we don't have free markets.

infinity ag said:

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Don't know why people are whining about the rate cut. If you made money, great. Why is it your problem that we maintain "free markets"? Everyone knows we don't have free markets.

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Rate cut was done to help commiemala against trump

AggieVictor10 said:

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infinity ag said:

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Don't know why people are whining about the rate cut. If you made money, great. Why is it your problem that we maintain "free markets"? Everyone knows we don't have free markets.

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Rate cut was done to help commiemala against trump

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Hard to make that connection (I am a Trump voter).
May be, may not be. The job situation is bad in the country and needs some rejuvenation. So I am happy with the rate cut, as I invest a lot.