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If Harris had won, how many rate cuts would have already occurred since 11/2024?

Posted on 7/3/25 at 10:23 am
Posted by Blutarsky
112th Congress
Member since Jan 2004
11726 posts
Posted on 7/3/25 at 10:23 am
Big one in September 2024 when they thought she would win.

quote:

In September 2024, the Federal Reserve (Fed) cut interest rates for the first time since March 2020, lowering the federal funds rate to a range of 4.75%-5%. This decision, a 0.50 percentage point decrease, marked a shift in monetary policy after a period of raising rates to combat inflation. The Fed's move is expected to ease borrowing costs for consumers and businesses and potentially stimulate the economy.


Inflation still had not come down when they cut it, yet they cite inflation returns if they do so now?
This post was edited on 7/3/25 at 10:27 am
Posted by Penrod
Member since Jan 2011
51757 posts
Posted on 7/3/25 at 10:26 am to
quote:

If Harris had won, how many rate cuts would have already occurred since 11/2024?

None. They might let politics influence their decisions but not in the first year of a new Presidency, maybe in the second year.
Posted by FLBooGoTigs1
Nocatee, FL.
Member since Jan 2008
58540 posts
Posted on 7/3/25 at 10:27 am to
fricking zero. Another 10 billion to Ukraine and billions to US AID and DEI bullshite.
Posted by Wildcat1996
Lexington, KY
Member since Jul 2020
9267 posts
Posted on 7/3/25 at 10:29 am to
I'll play.

Probably several as her disastrous policies would have further eroded the economy and required a stimulus.
The fact that rates have not been cut is evidence of Trump's stewardship of a growing economy and more favorable trade balance.

Downvote that...howboutdat
Posted by rockford177
Virginia
Member since Feb 2008
749 posts
Posted on 7/3/25 at 10:30 am to
You have any idea the tidal wave of buyers ready if the rates go below 3%? If we ever see them again, it will be a super flood
Posted by BestBanker
Member since Nov 2011
18900 posts
Posted on 7/3/25 at 10:31 am to
Would have been lowered to 3.50%.
Posted by TROLA
BATON ROUGE
Member since Apr 2004
14359 posts
Posted on 7/3/25 at 10:31 am to
My whole issue with Powell.. he shouldn’t have lowered them then and we shouldn’t lower them now because of that. I won’t pretend to know if they hadn’t been lowered if it would be wise at this time but it’s frustrating hearing him give his reasons knowing the conditions a year ago vs today.
Posted by Rip Torn
Member since Mar 2020
5680 posts
Posted on 7/3/25 at 10:38 am to
An economic downturn isn’t the only reason for lowering rates as many on this board assume. If inflation is low but bowering rates are high and driving higher debt then it is also a good time to slightly lower them. Lowering rates doesn’t mean 3%. A 5% rate for borrowing wouldn’t create massive inflation increases and would allow many buyers to enter the market. Most of the people arguing for higher rates likely have a 3-4% rate on their mortgage. Most new buyers cannot afford to buy and that needs to change
Posted by Sweep Da Leg
Member since Sep 2013
2205 posts
Posted on 7/3/25 at 11:00 am to
quote:

Most new buyers cannot afford to buy and that needs to change


This is 100% because of decades of historically low interest rates causing home prices to be artificially inflated. Home prices need to drop a lot more.
Cut interest rates and prices will increase again.
Posted by TBoy
Kalamazoo
Member since Dec 2007
27341 posts
Posted on 7/3/25 at 11:19 am to
We wouldn't have had the tariff upheaval, the market convulsions, the dollar drop, and a hundred other ridiculous and unnecessary economic policies, and retractions, and changes, and reversals, etc., etc.

Interest rates would probably have remained unchanged anyway.
Posted by KCT
Psalm 23:5
Member since Feb 2010
45863 posts
Posted on 7/3/25 at 11:46 am to
As many as were needed to prop up her sorry Indian arse.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
19290 posts
Posted on 7/3/25 at 11:55 am to
Inflation is finally becoming stable and these threads are asking for more rate cuts to speed up inflation. Make it make sense.
Posted by Gaspergou202
Metairie, LA
Member since Jun 2016
14213 posts
Posted on 7/3/25 at 11:59 am to
They would be increased because of spending induced inflation, with a side of high oil prices!
Posted by Patato Salad
New Orleans
Member since Mar 2009
901 posts
Posted on 7/3/25 at 11:59 am to
0-100 is my guess
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68460 posts
Posted on 7/3/25 at 12:07 pm to
quote:

If Harris had won

She didn't, move on with the winning
Posted by junkfunky
Member since Jan 2011
35699 posts
Posted on 7/3/25 at 12:33 pm to
quote:

They might let politics influence their decisions but not in the first year of a new Presidency
Posted by Diego Ricardo
Alabama
Member since Dec 2020
11142 posts
Posted on 7/3/25 at 12:35 pm to
The trade war spooked the fed board...so probably 1 or 2. The lack of rate cuts is Trump's advisors fault. They should have focused on immigration and status quo so the bankers would lower rates THEN do all their mad man strong arm campaign to squeeze our trade partners.
Posted by Rip Torn
Member since Mar 2020
5680 posts
Posted on 7/3/25 at 12:36 pm to
Probably but home prices will never drop to a level that justifies high interest rates barring a market collapse
Posted by Diego Ricardo
Alabama
Member since Dec 2020
11142 posts
Posted on 7/3/25 at 12:39 pm to
Coming at housing affordability from interest rates is wrongheaded in my opinion. Housing affordability is a supply problem first and foremost. We need more home builders and not D.R. Horton shoddy bullshite that is unlikely to survive 20 years without major structural issues.
Posted by Penrod
Member since Jan 2011
51757 posts
Posted on 7/3/25 at 1:17 pm to
What’s to gain in the first year? There are no elections. In the second year you have the Congressional elections coming up; that’s when they would want to affect things.
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