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Powell says March rate cut unlikely.

Posted on 1/31/24 at 2:39 pm
Posted by Bob Bass
Member since Jan 2024
18 posts
Posted on 1/31/24 at 2:39 pm
Dow & Nasdaq both currently down over 300.
S & P down 75.

Jobs report Friday.
Going to be an interesting few days.
Posted by slackster
Houston
Member since Mar 2009
85142 posts
Posted on 1/31/24 at 3:06 pm to
Nasdaq and S&P 500 all the way back to where they were on 1/18/24.

But yes, a lot of data this week so things will be interesting.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
35542 posts
Posted on 1/31/24 at 3:06 pm to
This economy is insane right now. Everyone being fired, stuff costs more than ever and goes up each month, stock market loving it, people spending money like there’s no tomorrow.

At this point just flip a coin to decide rate cuts/hikes.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13932 posts
Posted on 1/31/24 at 3:42 pm to
quote:

Powell says March rate cut unlikely

Good.
Posted by TheWalrus
Member since Dec 2012
40761 posts
Posted on 1/31/24 at 3:42 pm to
I’ve done extensive research on the matter and have concluded the stock market will either go up or down.
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