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Started By
Message
Powel just said
Posted on 8/23/24 at 9:05 am
Posted on 8/23/24 at 9:05 am
The time has come for the fed to change course.
Rate cuts are coming
We’ll duh but the markets are loving it
Up across the board
Rate cuts are coming
We’ll duh but the markets are loving it
Up across the board
Posted on 8/23/24 at 9:24 am to SlidellCajun
Powell won't say that true US interest expense (entitlement pay goes + debt service) is 92% of tax receipts YTD, was 120% for July and will be 100% YTD by year end at current rates but every action he takes is based this math.
Posted on 8/23/24 at 9:37 am to SlidellCajun
Did he mention anything about the Presidential election being cancelled because of the stock market's drop two Mondays ago?
Posted on 8/23/24 at 9:38 am to SlidellCajun
quote:
Rate cuts are coming

Posted on 8/23/24 at 10:00 am to SlidellCajun
I understand why they have little choice, but I still think it’s a mistake. I guess we’ll find out soon enough.
I think it’ll be very slow/gradual.
I think it’ll be very slow/gradual.
Posted on 8/23/24 at 10:18 am to SlidellCajun
They need to stop talking and do it already. My 7(a) is a prime plus loan based on the rates at each quarter. I need this reduction to take place before 10/01 

Posted on 8/23/24 at 10:27 am to Weekend Warrior79
Does anybody know where this is actually held in JH?
Posted on 8/23/24 at 10:39 am to SlidellCajun
Not surprised at this expected move. Just in time to aid the D`s in November.
Posted on 8/23/24 at 10:41 am to Longhorn Actual
quote:
I understand why they have little choice, but I still think it’s a mistake. I guess we’ll find out soon enough.
You expect inflation to ramp back up?
Posted on 8/23/24 at 10:59 am to SlidellCajun
Nominate this for worst thread title of the year
Posted on 8/23/24 at 11:15 am to Bow08tie
quote:
Just in time to aid the D`s in November.
We’ve been talking about rate cuts for like 12 months now
Posted on 8/23/24 at 12:01 pm to SlidellCajun
So they’ll start cutting with housing costs, food costs and the markets at or near all time highs. Bold strategy. Let’s see how it plays out for them.
This post was edited on 8/23/24 at 12:58 pm
Posted on 8/23/24 at 12:26 pm to SloaneRanger
quote:
So they’ll start cutting with housing costs, food and the markets at or near all time highs. Bold strategy. Let’s see how it plays out for them.
2% was the target, now it's the floor because he knows compound interest is undefeated against empires.
Posted on 8/23/24 at 3:48 pm to SlidellCajun
But but but Stout told me the housing market was going to tank. This is not fair.
Posted on 8/23/24 at 3:56 pm to SDVTiger
quote:
5 then 3 more .25s till end of the year
It’s good news but should be tempered with the understanding that rate reductions come when an economy is slowing down.
That said, for those waiting for rates to drop, they already have. The rates we see today are set in anticipation of the .50 rate drop in sept.
Posted on 8/23/24 at 7:06 pm to SlidellCajun
I’ve been in the stock market but balanced by also being a cash saver all my adult life, which has coincided with low interest rates. This last couple of years is the only time I’ve really made bank on my cash savings. I guess I’ll lock in another CD this weekend and squeeze a little more juice out of it.
Posted on 8/23/24 at 8:27 pm to SloaneRanger
quote:
So they’ll start cutting with housing costs, food costs and the markets at or near all time highs. Bold strategy. Let’s see how it plays out for them.
By basically any metric they’ve got 1.50% of room before they’d even be neutral with rates. It’s not like they’re cutting with inflation at 5% or something.
Posted on 8/23/24 at 9:08 pm to SloaneRanger
quote:
housing costs, food costs and the markets at or near all time highs
Housing costs, food costs and the markets are at or near all time highs the vast majority of the time.
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