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Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates

Posted on 11/14/24 at 2:08 pm
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/14/24 at 2:08 pm
Look out below fellas.

cnbc
Posted by bayoubengals88
LA
Member since Sep 2007
21338 posts
Posted on 11/14/24 at 2:30 pm to
Oh. No..
Posted by KWL85
Member since Mar 2023
2292 posts
Posted on 11/14/24 at 2:43 pm to
Dude, are you ever NOT dramatic?
Posted by slackster
Houston
Member since Mar 2009
89801 posts
Posted on 11/14/24 at 3:23 pm to
quote:

Dude, are you ever NOT dramatic?

He’s an alter, so no, of course not.
Posted by Longhorn Actual
Member since Dec 2023
2361 posts
Posted on 11/14/24 at 4:17 pm to
But SDVTiger says the economy is good and the Fed is going to cut aggressively…
Posted by BottomlandBrew
Member since Aug 2010
28452 posts
Posted on 11/14/24 at 4:22 pm to
Today is not the first time he's said this. It has been known for some time now that they would take it slow.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
87660 posts
Posted on 11/14/24 at 4:48 pm to
quote:

But SDVTiger says the economy is good


When have I said the economy is good?

quote:

Fed is going to cut aggressively


When have I said that? They cut exactly as predicted unless you were a moron who said there was 0% chance the first cut was .5

Cuts will continue throughout 2025 despite your anger about it
Posted by bigjoe1
Member since Jan 2024
894 posts
Posted on 11/14/24 at 4:55 pm to
There will be a .25 cut in Dec. and at least two more in 2025.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
87660 posts
Posted on 11/14/24 at 5:26 pm to
quote:

There will be a .25 cut in Dec


Odds dropped to 60 but i agree Timerios posted an article stating as much

quote:

and at least two more in 2025.


Maybe more once we get past the holiday jobs numbers

Posted by LSURussian
Member since Feb 2005
131207 posts
Posted on 11/14/24 at 5:56 pm to
quote:

Look out below fellas.
Why? Is the idea of not being in a hurry to reduce rates a bad thing to you?
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/15/24 at 10:46 am to
quote:


Dude, are you ever NOT dramatic?

He’s an alter, so no, of course not.






Nasdaq down 400
Dow down 330

I said look out below and the market has dropped like a rock since my OP.
What cracks me up is that you're all so rude & arrogant towards anyone with a contrarian view.
You call them trolls, accuse them of being other people etc.
It's so weird.
And even after being proven wrong you're still rude & arrogant.
Some strange dudes on here
This post was edited on 11/15/24 at 11:35 am
Posted by LSURussian
Member since Feb 2005
131207 posts
Posted on 11/15/24 at 11:38 am to
quote:

Some strange dudes on here
Just since August...
Posted by lsu13lsu
Member since Jan 2008
11713 posts
Posted on 11/15/24 at 11:49 am to
quote:

Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates


Thank goodness. Seems like if they were in a hurry to cut we'd be in a world of shite.
Posted by Suntiger
STG or BR or somewhere else
Member since Feb 2007
34619 posts
Posted on 11/15/24 at 2:42 pm to
quote:




Nasdaq down 400
Dow down 330

I said look out below and the market has dropped like a rock since my OP.



These flexes are always so odd to me. Yes the Nasdaq is down almost 600 on the week, but it’s still up 300+ on the month an the Dow is up 700 on the month. Market goes up. Market goes down.

Not sure why you’re spiking the football on a few days performance like Wall Street is checking TD to get your opinion.
Posted by Big Scrub TX
Member since Dec 2013
37005 posts
Posted on 11/15/24 at 3:55 pm to
quote:

Nasdaq down 400
2%

quote:

Dow down 330
less than 1%

quote:

I said look out below and the market has dropped like a rock since my OP.
We have different definitions "dropped like a rock".
Posted by KWL85
Member since Mar 2023
2292 posts
Posted on 11/17/24 at 9:36 am to
I am starting to think it is a waste of time rep!y to Norway.
Posted by cadillacattack
the ATL
Member since May 2020
7762 posts
Posted on 11/17/24 at 12:58 pm to
Whether they ease or not, it won’t prevent the housing bubble from popping in 2025.

Current foreclosure backlog in forbearance is massive, … biggest since 2000

Current delinquency rate of new mortgages <6 mos old ….is the highest since 2007

Posted by Billy Blanks
Member since Dec 2021
4760 posts
Posted on 11/17/24 at 1:01 pm to
quote:

Whether they ease or not, it won’t prevent the housing bubble from popping in 2025.

Current foreclosure backlog in forbearance is massive, … biggest since 2000

Current delinquency rate of new mortgages <6 mos old ….is the highest since 2007



It takes a true moron to let it go back to the bank when most have INSANE equity.
Posted by notiger1997
Metairie
Member since May 2009
60812 posts
Posted on 11/17/24 at 2:21 pm to
it won’t prevent the housing bubble from popping in 2025.

Y’all been predicting this since 2016. It may actually happen next year.
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