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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Fed may break a lot of stock-market investors' hearts this week
The first cut is the deepest.
Clamoring for a rate cut the first in more than a decade by the Federal Reserve at some point this year is running hot.
A survey by the Wall Street Journal earlier in the week signaled that nearly 40% of economists (paywall) polled by the publication expect the U.S. central bank to ease monetary policy next month.
The chief economist Joe Davis of Vanguard, the fund provider that manages some $5.4 trillion of wealth, speculated that an insurance rate cut by Jerome Powells Fed could arrive as early as Wednesday, at the conclusion of the central banks two-day policy gathering that kicks off June 18. Federal-funds futures pointed to an 87% chance for a July cut and 26% chance for an easing this month, as of late Friday, CME Group data show.
https://www.msn.com/en-us/money/savingandinvesting/the-fed-may-break-a-lot-of-stock-market-investors-hearts-this-week/ar-AACV8Wz?li=BBnb7Kz
WTF? According to the dotard we have record low unemployment and the stock market is kicking butt.
You don't cut rates under those circumstances.
Is Trump nostalgic for the 1970s and double digit inflation?
TheFarseer
(9,308 posts)In addition to what you said, what if the economy nose dives and interest rates are already about as low as they can get? I think theres kind of a conspiracy to keep interest rates low so our national debt is not totally ruinous. And I guess theres something to be said for that, but only if you are making some attempt to pay it down.
demtenjeep
(31,997 posts)we are all going to be screwed in the end