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Started By
Message
July jobs report
Posted on 8/2/24 at 7:41 am
Posted on 8/2/24 at 7:41 am
6
Posted on 8/2/24 at 7:43 am to HailHailtoMichigan!
Bonds exploding. Yields plummeting
Better buy a house now
Better buy a house now
Posted on 8/2/24 at 7:49 am to HailHailtoMichigan!
Posted on 8/2/24 at 7:50 am to HailHailtoMichigan!
And how many of those jobs created are seasonal and government?
Posted on 8/2/24 at 7:50 am to Bard
They are going to cut .5 or maybe 1% after this report
Posted on 8/2/24 at 8:35 am to SDVTiger
quote:
They are going to cut .5 or maybe 1% after this report
In one cut?
No. A lot is going to depend on CPI. Remember, GDP was strong and PPI has grown every month thus far this year while CPI has remained sticky above 3%.
If CPI comes in below 3%, they cut a quarter in September. If CPI somehow comes in at something ridiculous like 2.5%, then maybe a .5% cut in September. If CPI comes in at 3%, they would have a struggle for justifying a quarter-point cut, but they could still do it.
A cut of .5% or more would end up driving inflation back up by Christmas, erasing much of the gains they've worked on over 2024 (and then putting us right back in the boat to need rate hikes again next year).
Posted on 8/2/24 at 8:41 am to Bard
0.5 is very possible if there’s another bad report in August.
A lot of people think the fed should have cut in July. They may try to make up for it.
A lot of people think the fed should have cut in July. They may try to make up for it.
Posted on 8/2/24 at 8:49 am to Bard
Fed dual mandate. Price stability and max employment. They may use unemployment numbers as the excuse to cut
Posted on 8/2/24 at 8:50 am to Hateradedrink
quote:
0.5 is very possible if there’s another bad report in August.
It's past .5 now.
Posted on 8/2/24 at 8:52 am to Jjdoc
Rate cut predictions?
Posted on 8/2/24 at 8:53 am to SDVTiger
quote:
They are going to cut .5 or maybe 1% after this report
No they won’t.
Posted on 8/2/24 at 9:04 am to The Pirate King
quote:
government
Why would govt jobs count anyway. They add nothing to the economy, in fact are detrimental to the economy.
Posted on 8/2/24 at 9:07 am to slackster
quote:
No they won’t
UE over 4.2
Ok
Posted on 8/2/24 at 10:06 am to HailHailtoMichigan!
For anyone paying attention, the jobs picture has been really bad for a long time. We’ve lost over 1.6 million full time jobs over the past year.
Posted on 8/2/24 at 10:44 am to SDVTiger
quote:
UE over 4.2
They’re not cutting .5-1% in September. Period.
Posted on 8/2/24 at 10:52 am to slackster
70% chance of a .5%
Guess we will see whose right
Guess we will see whose right
Posted on 8/2/24 at 10:55 am to SDVTiger
quote:
They are going to cut .5 or maybe 1% after this report
I'd do some weird stuff for this to happen.
Posted on 8/2/24 at 10:58 am to Hateradedrink
They are going to sit on their hands too long and make the economy worse than it really had to be like they did when rates were low. Waited too long to raise rates, now waiting too long to lower them
Morons
Morons
Posted on 8/2/24 at 11:01 am to VolSquatch
You’re not wrong.
Posted on 8/2/24 at 11:01 am to VolSquatch
quote:
They are going to sit on their hands too long and make the economy worse than it really had to be like they did when rates were low. Waited too long to raise rates, now waiting too long to lower them
Morons
Jpow has a tough job. Is lowering rates too soon and seeing inflation come back a better alternative? I would argue a poor economy is better for us long term than high inflation.
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