Fed cuts rates

DigitalDrifter

I Am Charlie
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Five meetings and nine months have elapsed since the Fed last cut interest rates. The federal funds rate stands between 4% and 4.25%, preserving much of a sharp increase imposed in response to a pandemic-era bout of inflation.
 
So in your world the economy was booming under xiden that’s why interest rates skyrocketed?
It was actually. Higher rates increases borrowing costs, retarding economic activity/recession, which puts pressure on prices due to a lack of demand.
 
It was actually. Higher rates increases borrowing costs, retarding economic activity/recession, which puts pressure on prices due to a lack of demand.
Higher rates don’t retard recessions…higher rates do retard borrowing, which we needed because xidenflation

Xiden’s spending policies put massive amounts of free money in the market, driving up inflation…the Fed had to response by making it more expensive for employers to actually bring in money and grow

The economy was horrible under xiden, a majority of the country was left worse off because of him

 
15th post
The housing numbers came in flat again yesterday. Like six months in a row now.

Mortgage rates are roughly 6.3%.....It's thought if rates go just below 6% a lot of people sitting on a 3%-4% mortgage but wanting to move will do so.

While home prices are still high a full point off the mortgage rate is a lot easier to swallow to make a move.

That and since there was no hurricane season as predicted construction material costs are slated to remain steady or even fall slightly.
 
The housing numbers came in flat again yesterday. Like six months in a row now.

Mortgage rates are roughly 6.3%.....It's thought if rates go just below 6% a lot of people sitting on a 3%-4% mortgage but wanting to move will do so.

While home prices are still high a full point off the mortgage rate is a lot easier to swallow to make a move.

That and since there was no hurricane season as predicted construction material costs are slated to remain steady or even fall slightly.

This should start a turnaround in real estate sales, especially with two more cuts coming in the very near future.
 
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