John Edgar Slow Horses
Diamond Member
- Apr 11, 2023
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The Feds seem more concerned with services and goods than the consumer, and that is OK in the short run.
Since Powell does not want a return of Trump's nonsense behavior, the Fed will be very aggressive in cuts during the next year to help a Biden re-election effort.
According to Bing AI: "According to a recent article by CNN International, the Federal Reserve has decided to hold its target rate steady at the conclusion of its two-day monetary policy meeting, marking the second meeting in a row that the central bank has opted not to increase its benchmark lending rate 1. The decision was made to allow the economy to continue to absorb the effects of higher borrowing costs. Federal Reserve Chair Jerome Powell said in a post-meeting press conference that the central bank would continue to review economic data and proceed carefully with rate moves amid a strong economy 1.
Investopedia reports that the Federal Reserve held rates steady at 5.25-5.50% during the latest FOMC meeting decision, released on November 1, 2023, continuing a pause from an aggressive rate-hiking campaign that began in March 2022 to fight rising inflation 2."
Since Powell does not want a return of Trump's nonsense behavior, the Fed will be very aggressive in cuts during the next year to help a Biden re-election effort.
According to Bing AI: "According to a recent article by CNN International, the Federal Reserve has decided to hold its target rate steady at the conclusion of its two-day monetary policy meeting, marking the second meeting in a row that the central bank has opted not to increase its benchmark lending rate 1. The decision was made to allow the economy to continue to absorb the effects of higher borrowing costs. Federal Reserve Chair Jerome Powell said in a post-meeting press conference that the central bank would continue to review economic data and proceed carefully with rate moves amid a strong economy 1.
Investopedia reports that the Federal Reserve held rates steady at 5.25-5.50% during the latest FOMC meeting decision, released on November 1, 2023, continuing a pause from an aggressive rate-hiking campaign that began in March 2022 to fight rising inflation 2."
