Looking forward at what 2024 may hold for the economy.

[berg80]

Fed holds rates steady, indicates three cuts coming in 2024​

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market Committee voted unanimously to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Along with the decision to stay on hold, committee members penciled in at least three rate cuts in 2024, assuming quarter percentage point increments. That’s less than market pricing of four, but more aggressive than what officials had previously indicated.

Fed holds rates steady, indicates three cuts coming in 2024

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

www.cnbc.com

It's a fairly positive outlook meaning it's good for the country, in turn meaning it's not great for Repubs. Lowered interest rates and lower inflation translates to a strong housing market as mortgage interest rates decline, lower food costs, the continuation of a strong jobs market, with already low energy costs. Predictions are for sub $2 gas in parts of the country in part due to record US oil production.

If the reality of the economy can influence the disconnected attitudes voters hold, and Repubs continue their push for a national abortion ban, it could prove to be a tough election cycle. That said, they have a tremendous advantage in the upcoming Senate races as Dems will be trying to protect a number of vulnerable seats.

 

[Winston]

Fed holds rates steady, indicates three cuts coming in 2024​

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market Committee voted unanimously to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Along with the decision to stay on hold, committee members penciled in at least three rate cuts in 2024, assuming quarter percentage point increments. That’s less than market pricing of four, but more aggressive than what officials had previously indicated.

Fed holds rates steady, indicates three cuts coming in 2024

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

www.cnbc.com

It's a fairly positive outlook meaning it's good for the country, in turn meaning it's not great for Repubs. Lowered interest rates and lower inflation translates to a strong housing market as mortgage interest rates decline, lower food costs, the continuation of a strong jobs market, with already low energy costs. Predictions are for sub $2 gas in parts of the country in part due to record US oil production.

If the reality of the economy can influence the disconnected attitudes voters hold, and Repubs continue their push for a national abortion ban, it could prove to be a tough election cycle. That said, they have a tremendous advantage in the upcoming Senate races as Dems will be trying to protect a number of vulnerable seats.

Time to go long on 30 year Treasuries.

 

[Oddball]

Cut rates with $2 trillion deficits at your peril.

 

[kyzr]

There won't be rate cuts until inflation is nearing 2%. Maybe 2nd half of 2024.

What the Fed doesn't want to do is cut rates, re-ignite inflation, and then have to cut rates again.

 

[Independentthinker]

Fed holds rates steady, indicates three cuts coming in 2024​

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market Committee voted unanimously to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Along with the decision to stay on hold, committee members penciled in at least three rate cuts in 2024, assuming quarter percentage point increments. That’s less than market pricing of four, but more aggressive than what officials had previously indicated.

Fed holds rates steady, indicates three cuts coming in 2024

The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.

www.cnbc.com

It's a fairly positive outlook meaning it's good for the country, in turn meaning it's not great for Repubs. Lowered interest rates and lower inflation translates to a strong housing market as mortgage interest rates decline, lower food costs, the continuation of a strong jobs market, with already low energy costs. Predictions are for sub $2 gas in parts of the country in part due to record US oil production.

If the reality of the economy can influence the disconnected attitudes voters hold, and Repubs continue their push for a national abortion ban, it could prove to be a tough election cycle. That said, they have a tremendous advantage in the upcoming Senate races as Dems will be trying to protect a number of vulnerable seats.

LOL. Well, that's a round about way of admitting that Biden has really fucked up his first two years and you're thinking that there's nowhere else to go but up.

 

[jwoodie]

It's a fairly positive outlook meaning it's good for the country, in turn meaning it's not great for Repubs.

In other words, the Fed is just as politicized as the DOJ.

 

[bendog]

The Fed tries to not be a campaign issue, but the fed raised rates later than they should have.

 

[sartre play]

Happy to look for some plus factor news, The everything is horrible in America, daily complaints gets tiresome.

 

[berg80]

Time to go long on 30 year Treasuries.

I've owned a few calls on the TLT (20 year proxy) since it traded at $85.10. Not selling until it hits $100.

 

[berg80]

The Fed tries to not be a campaign issue, but the fed raised rates later than they should have.

Absolutely. They thought inflation was "transitory" in late 2021. They were monumentally wrong.

 

[Oddball]

Absolutely. They thought inflation was "transitory" in late 2021. They were monumentally wrong.

They weren't wrong, they were lying straight to your face...But you were too busy waving the party man pom-poms to know they were lying.

 

[bendog]

They weren't wrong, they were lying straight to your face...But you were too busy waving the party man pom-poms to know they were lying.

Supply chains and the dismantling of trade caused inflation in goods, along with too much money in the econ, and the GOP contributed to that as well .... including Trumpy.

But Biden's done, imo. Trump is all that can save him, and even then supporting Ukraine over illegal immigration is poison to the progs.

 

[Oddball]

Supply chains and the dismantling of trade caused inflation in goods, along with too much money in the econ, and the GOP contributed to that as well .... including Trumpy.

But Biden's done, imo. Trump is all that can save him, and even then supporting Ukraine over illegal immigration is poison to the progs.

Trump hasn't been in office in almost three years...Just stop it.

Also, for all his fuck-ups, Trump was still reducing the balance sheet at the Fed...First prez to do that in forever.

Sad fact is that today, the Fed is still pumping zillions into equities...Gubmint profligacy is the only thing keeping the numbers defying economic gravity.