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Fiendish Thingy

(17,311 posts)

14. All indications point to a cut in September

Reply to gab13by13 (Reply #7)

Wed Jul 17, 2024, 01:55 PM

Jul 17

There is little to no data to justify holding rates steady, or to indicate the fed won’t cut.

Powell’s cautious words this year have not caused any lasting drop in the market, as evidenced by the continued record setting highs we have seen over the past several months.

It seems that Powell is onboard the Bidenomics train to national prosperity.

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18 replies

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Highlight:

Trump trying to bully the Fed to stop anticipated interest rate cuts before election because it would "boost Biden" [View all] bigtree Jul 17 OP

Let's hope Powell doesn't listen. These rates should have dropped already FloridaBlues Jul 17 #1

Does Powell work for Trump or the American people? Irish_Dem Jul 17 #2

We asked the SCOTUS the same question for months before the imunity ruling Bengus81 Jul 18 #15

Running out of hope. mountain grammy Jul 17 #3

I fear Powell listens to the oligarchs nt Wicked Blue Jul 17 #12

Same with the budget deficit. Qutzupalotl Jul 17 #4

Here in Florida ScratchCat Jul 17 #8

Oh well atreides1 Jul 17 #10

Trump appointed him ScratchCat Jul 17 #5

Biden should cut the rate to zero in October. Takket Jul 17 #6

The administration has been quietly using the strategic petroleum reserve to stabilize prices Trekologer Jul 17 #9

True...and Biden gets ZERO CREDIT for lowering prices at the pump and then buying Oil LOW to refill Bengus81 Jul 18 #17

Thanks for posting this, gab13by13 Jul 17 #7

All indications point to a cut in September Fiendish Thingy Jul 17 #14

These actions will hurt him, I predict. Nt BootinUp Jul 17 #11

The DOW is rocking at 41188 Historic NY Jul 17 #13

Yeah... but Biden needs to go. Just ask Schiff,Riner and Clooney and dozens of other Dem reps. Bengus81 Jul 18 #18

An effin evil piece of shit malaise Jul 18 #16