The Federal Reserve lowers interest rates again....Not a good thing.

[1srelluc]

https://www.npr.org/2024/12/18/nx-s1-5230508/federal-reserve-interest-rates-economy-inflation

The Federal Reserve lowered interest rates on Wednesday, but policymakers signaled caution about additional rate cuts next year in the face of stubborn inflation.

The central bank lowered its benchmark interest rate by a quarter percentage point to a range of 4.25% to 4.5%. Rates have fallen by a full percentage point since September, making it cheaper to get a car loan, finance a business or carry a balance on your credit card.

On average, members of the Fed's rate-setting committee expect borrowing costs to fall by another half percentage point in 2025. That's less than just three months ago when they were projecting a full percentage point in rate reductions next year.

As predicted The Fed is trying to hamstring Trump before he takes office.....This cut did not need to happen since they hit an inflation wall with their 50 basis point cut.....Powell needs to go.

 

[Votto]

https://www.npr.org/2024/12/18/nx-s1-5230508/federal-reserve-interest-rates-economy-inflation

The Federal Reserve lowered interest rates on Wednesday, but policymakers signaled caution about additional rate cuts next year in the face of stubborn inflation.

The central bank lowered its benchmark interest rate by a quarter percentage point to a range of 4.25% to 4.5%. Rates have fallen by a full percentage point since September, making it cheaper to get a car loan, finance a business or carry a balance on your credit card.

On average, members of the Fed's rate-setting committee expect borrowing costs to fall by another half percentage point in 2025. That's less than just three months ago when they were projecting a full percentage point in rate reductions next year.

As predicted The Fed is trying to hamstring Trump before he takes office.....This cut did not need to happen since they hit an inflation wall with their 50 basis point cut.....Powell needs to go.

What evidence do you have that they are all out to get Trump?

 

[1srelluc]

What evidence do you have that they are all out to get Trump?

Well, common sense would dictate that if you have hit a four-month inflationary wall with a 50-basis point cut you don't double-down with a 25-basis point cut.

 

[excalibur]

Everything Biden told you about his economy was a lie.

Biden Lied About Everything: Philly Fed Finds All Jobs "Created" In Q2 Were Fake

The lyingist liar, the lyingst administration ever. Liars all. Aided and abetted by the liars in the MSM. Back in August, many were surprised by the accuracy of our forecast, when we predicted that in its annual revision, the Biden Bureau of Labor Statistics would revise jobs for the April...

www.usmessageboard.com

 

[AZrailwhale]

https://www.npr.org/2024/12/18/nx-s1-5230508/federal-reserve-interest-rates-economy-inflation

The Federal Reserve lowered interest rates on Wednesday, but policymakers signaled caution about additional rate cuts next year in the face of stubborn inflation.

The central bank lowered its benchmark interest rate by a quarter percentage point to a range of 4.25% to 4.5%. Rates have fallen by a full percentage point since September, making it cheaper to get a car loan, finance a business or carry a balance on your credit card.

On average, members of the Fed's rate-setting committee expect borrowing costs to fall by another half percentage point in 2025. That's less than just three months ago when they were projecting a full percentage point in rate reductions next year.

As predicted The Fed is trying to hamstring Trump before he takes office.....This cut did not need to happen since they hit an inflation wall with their 50 basis point cut.....Powell needs to go.

They were holding out until after the election to bolster Harris. I expected this for the last six months.

 

[Woodznutz]

https://www.npr.org/2024/12/18/nx-s1-5230508/federal-reserve-interest-rates-economy-inflation

The Federal Reserve lowered interest rates on Wednesday, but policymakers signaled caution about additional rate cuts next year in the face of stubborn inflation.

The central bank lowered its benchmark interest rate by a quarter percentage point to a range of 4.25% to 4.5%. Rates have fallen by a full percentage point since September, making it cheaper to get a car loan, finance a business or carry a balance on your credit card.

On average, members of the Fed's rate-setting committee expect borrowing costs to fall by another half percentage point in 2025. That's less than just three months ago when they were projecting a full percentage point in rate reductions next year.

As predicted The Fed is trying to hamstring Trump before he takes office.....This cut did not need to happen since they hit an inflation wall with their 50 basis point cut.....Powell needs to go.

I agree. As it is depositors' money that finances consumer credit purchases in the form of bank loans it's important to reward the savers rather than the borrowers. RAISE DEM RATES DAMMIT!

 

[Zincwarrior]

SO groceries aren't going down after all?

 

[Picaro]

https://www.npr.org/2024/12/18/nx-s1-5230508/federal-reserve-interest-rates-economy-inflation

The Federal Reserve lowered interest rates on Wednesday, but policymakers signaled caution about additional rate cuts next year in the face of stubborn inflation.

The central bank lowered its benchmark interest rate by a quarter percentage point to a range of 4.25% to 4.5%. Rates have fallen by a full percentage point since September, making it cheaper to get a car loan, finance a business or carry a balance on your credit card.

On average, members of the Fed's rate-setting committee expect borrowing costs to fall by another half percentage point in 2025. That's less than just three months ago when they were projecting a full percentage point in rate reductions next year.

As predicted The Fed is trying to hamstring Trump before he takes office.....This cut did not need to happen since they hit an inflation wall with their 50 basis point cut.....Powell needs to go.

At current inflation rates they need to raise it to at least 10% minimum. Yes, it's sabotage by Biden.

 

[1srelluc]

SO groceries aren't going down after all?

Not with Powell still around.....He has a 50 million net worth, so I doubt if he cares.

 

[kyzr]

My net worth got hammered today. UGH.

Chikin shits bailing on stocks. Now the topper should be when Republicans shut the government down.

Trump said he opposes the CR. So that covers Elon's post.

 

[Oddball]

What evidence do you have that they are all out to get Trump?

What's the logic behind the rate cut when inflation is still running around 4% - 5%.

 

[Oddball]

My net worth got hammered today. UGH.

Chikin shits bailing on stocks. Now the topper should be when Republicans shut the government down.

Trump said he opposes the CR. So that covers Elon's post.

Silver took a $1 dump today....Not the dip I'm looking for to buy, but it's a start.

 

[Thunk]

Democrats are TRYING to damage the US dollar just before Trump takes office...but it wont work.

Trump is pro-business. He will cut regulations, cut energy costs, and cut taxes. That triple whammy will increase production! Which creates more goods which lowers prices.

This is one they can't beat Trump on...unless they default on a bond payment...or publicly announce there is no gold in fort knox...in which case all fucking hell will break loose!

 

[Votto]

What's the logic behind the rate cut when inflation is still running around 4% - 5%.

You obviously don't understand economics like the experts in Washington DC do.

Perhaps this video will help.

 

[Admiral Rockwell Tory]

What's the logic behind the rate cut when inflation is still running around 4% - 5%.

If you believe Biden's cronies, it is under 3%.

 

[22lcidw]

What's the logic behind the rate cut when inflation is still running around 4% - 5%.

Also, the deficit is near 1.8 trillion dollars or so.

 

[1srelluc]

I told ya it was a bad idea.....The mouth running afterwards did not help either.

Stock market today: Dow drops 1,123 points and bond yields soar as markets adjust rate outlook after Fed meeting

The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate cuts in 2025.

markets.businessinsider.com

 

[Picaro]

Markets usually rise between Thanksgiving and Christmas more often than not. They're grossly over-priced anyway, so a drop had been due for a while, in any case.

 

[1srelluc]

Markets usually rise between Thanksgiving and Christmas more often than not. They're grossly over-priced anyway, so a drop had been due for a while, in any case.

The problem is it's a political drop.....What fuckin' idiot cuts again after they hit a four-month inflationary wall with the last cut?

 

[sparky]

to my <limited> understanding if interest rates drop, selling bonds become harder to do, and when one is $$$0000000000000000000000000000000000000000 in debt , one needs bond buyers

~S~