Fed cuts rates for first time since 2008

Lord this is not a repeat thread
to be called out by @Nunya D.



https://www.yahoo.com/finance/news/fed-meeting-rates-powell-211534497.html

Fed cuts rates for first time since 2008​

The cut comes as the Fed continues to worry about a possible slowdown in the U.S. economy. The Federal Open Market Committee statement released Wednesday recycled language from its June meeting describing business fixed investment as “soft” and said inflationary pressures “remain low.” . . .

Have these Rich People been to a grocery store lately?
It seems like a box or package of anything is $4.99
But, You can still find a good, California Fresh Fosters Farms whole Chicken
at $0.69/pound on sale. Lord continue to so bless California.


needs to encourage "savings" not "credit".
I want to see 4% for savings
and 6% for credit, minimum.


Moi
Credit under 6% enslaves to "creditors".

Across an immense, unguarded, ethereal border, Canadians, cool and unsympathetic,
regard our America with envious eyes and slowly and surely draw their plans against us.​

@Nunya D.
Consider - Moi initiated threads are better quality.
Consider the thoughtiness expressed with them.
And I am a late sleeper on California time.

 

The fed will keep an eye on any 'softening' indicators of the economy.

GDP will slow down and stay Obamesque.

 

The true meaning of the cut is...the GDP has already plunged and will do so until Trump spends more debt..

 

I miss Greenspan
although who knows what pressures
caused him to renounce himself in his retirement.

 

The Feds have been raising rates ever since the President took office because of his policies that created a massive boom. It's time to cut them back slightly....but rates are still much higher then under Obama where he was given out free money to his wall street backers with 0 percent rates.

 

This is objectively false...

 

I told a friend of mine when the Fed made its ill-advised rate hike late last year that it was giving itself the tools necessary to fix what it broke. If those idiots had listened to everybody and left rates alone this cut would never have been necessary.

 

The only "boom" his policies have created is a boom in deficit spending.


https://www.usgovernmentspending.com/spending_chart_2008_2020USb_10s2li111lcn_G0f_US_Deficit_Chart

 

So far, the market hasn't reacted kindly to the Fed announcement on a 25 basis point cut. That tells me the market sees choppy waters ahead.

 

Um compared to what? the Obama years? Look at those massive defciits the left gave us! Geez thanks for the reminder

 

It's not a relative matter. The deficit is increasing under Trump, and this is in spite of his promises that the opposite would happen.

Of course, we all know that Bush Jr. and Obama opted, wisely, to have the Federal Reserve buy up that toxic debt created under Bush Jr's watch. The alternative would have been catastrophic.

 

Don’t point it out let us guess at what you are not getting to.

 

What I'm referring to should be obvious because I put it in bold...

 

This is not even remotely how markets behave in practice... The markets don't "see" anything, asset prices, for the most part, are random.

 

the GDP dipped last quarter do you deny it or are you saying it was the same if not higher than previous quarters?

 

No it says the market expected more cuts.

 

Where is the dip?

No...

 

If they'd have left them where they were in 2008, and never started QE, the inefficient bloat would be purged from our economy, and we'd be much better off today

 

There was nothing "ill-advised" about the rate hike. The strategy the Fed looks for when setting rates is the level consistent with the healthy operation of the economy over the medium term, which is at the equilibrium rate.

The Fed Funds Rate doesn't stay constant; the Fed puts the rate where it needs to be.

 

Madman at the Fed Jerome Powell Cuts Interest Rates by Quarter Percent — After His Disastrous 2018 Rate Hikes

 

If you haven't noticed 2015 was almost four years past...

 

Credit too cheap will be paid for later
like a war.

Support 4% savings
and 6% borrowing
and "suck it up" now!


BTW has anyone else witnessed the inflation
at the grocery store? Slow and steady.



Moi
My pension is worth less and less!

​

 

I don't know what you have there, but that is obviously not a chart of Quarterly GDP growth.

For one, it doesn't have Q2 2019 GDP figures, which grew at 2.1%, not 0.4%. Also, the agency that releases these figures is the Bureau of Economic Analysis (BEA), not the "Federal Statistics Office"

Your information is just flat out wrong. Correct with accurate information... for your own good.

 

I bet credit card companies will not reduce the rates of interest they charge.

 

The Fed funds rate determines the rate at which financial institutions lend to one another, not the rate at which financial institutions lend to consumers...