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re: What day is the Fed going to announce the interest rate cut?

Posted on 9/17/24 at 1:48 pm to
Posted by Art Blakey
Member since Aug 2023
287 posts
Posted on 9/17/24 at 1:48 pm to
quote:

Really, we don’t even need a cut


Why dont we need a cut?


We don't. The entity paying interest on 35T in debt does.
This post was edited on 9/17/24 at 1:49 pm
Posted by kung fu kenny
Birmingham
Member since Sep 2017
2097 posts
Posted on 9/17/24 at 2:31 pm to
Anyone know the announcement time? I want to close my positions before if possible. I have a bad feeling
Posted by jefforize
Member since Feb 2008
45700 posts
Posted on 9/17/24 at 3:31 pm to
1 pm central
Posted by SlidellCajun
Slidell la
Member since May 2019
15987 posts
Posted on 9/17/24 at 8:13 pm to
I don’t think the economy is slowing down enough to heat it up with more lending and I think we have far too much consumer debt as it is.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12782 posts
Posted on 9/17/24 at 9:10 pm to
quote:

You're thinking interest rate cuts would make bonds less attractive and shift money to stocks. All else equal, that's correct.



For those already in bonds, the cuts are going to work out well. I've seen the bond fund in my 401k go from basically zero ytd return during the first part of the year to almost 7% now.
This post was edited on 9/17/24 at 10:32 pm
Posted by Beshb24
Member since Sep 2024
9 posts
Posted on 9/17/24 at 10:34 pm to
Lol. 4% popping up soon? Not if Kamala wins.
Posted by VermilionTiger
Member since Dec 2012
38878 posts
Posted on 9/18/24 at 10:15 am to
Almost time
Posted by TigerDeBaiter
Member since Dec 2010
10664 posts
Posted on 9/18/24 at 11:22 am to
quote:

Let’s be clear how the market will react.

.25 = still optimistic for soft landing

.50 = nervous

.75 = we fricked up something big


.50 is Goldilocks… market will probably selloff upon announcement but Jay will defend it by “moving forward” another cut so it’s not so close to the election. Market rallies. We’ll see. Zero reason to be bearish yet IMO.
Posted by fareplay
Member since Nov 2012
6304 posts
Posted on 9/18/24 at 12:09 pm to
I’d also like to know. Just refi for ~2k
Posted by I Love Bama
Alabama
Member since Nov 2007
38421 posts
Posted on 9/18/24 at 12:35 pm to
If there is zero reason to be bearish; what problem does cutting rates solve?

Markets at highs
Unemployment low

What are we fixing?
Posted by LSUcam7
FL
Member since Sep 2016
8853 posts
Posted on 9/18/24 at 12:37 pm to
quote:

What are we fixing


The election.

Kidding.. but seriously the government can’t afford to keep the debt refinancing for very long. It’s not like deficits are going to stop.
Posted by I Love Bama
Alabama
Member since Nov 2007
38421 posts
Posted on 9/18/24 at 12:38 pm to
I agree, but that’s not the job of the federal reserve.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53099 posts
Posted on 9/18/24 at 1:02 pm to
Damn they went 50
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93566 posts
Posted on 9/18/24 at 1:03 pm to
quote:


Damn they went 50



Posted by I Love Bama
Alabama
Member since Nov 2007
38421 posts
Posted on 9/18/24 at 1:05 pm to
Hummm. Interesting.
Posted by kung fu kenny
Birmingham
Member since Sep 2017
2097 posts
Posted on 9/18/24 at 1:10 pm to
Is this good or bad
Posted by Big Scrub TX
Member since Dec 2013
38483 posts
Posted on 9/18/24 at 1:12 pm to
It's dovish on the surface, but need to hear the press conference.

Intermediate and long yields are up slightly since the announcement.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
12782 posts
Posted on 9/18/24 at 1:17 pm to
quote:

What are we fixing?


Rates have to be brought down. The amount of indebtedness out there in the private sector (business and individual) and in government is staggering. This is going to be highly inflationary.

ETA: If you've been accumulating gold these last few years, congratulations. Silver prolly about to take off too.
This post was edited on 9/18/24 at 1:31 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93566 posts
Posted on 9/18/24 at 1:20 pm to
quote:

Is this good or bad


Very good

There will be another .25 , .25 after this
Posted by VermilionTiger
Member since Dec 2012
38878 posts
Posted on 9/18/24 at 1:31 pm to
quote:

SDVTiger


I know the recent mortgage interest rates had already baked in a little bit of this, but do you think the rates will go down even more because of was 50 bps?
This post was edited on 9/18/24 at 1:34 pm
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