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re: Why the hell is the Fed thinking about lowering interest rates?

Posted on 8/2/24 at 3:15 pm to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
87317 posts
Posted on 8/2/24 at 3:15 pm to
quote:

could they possibly lower in a still hot inflationary market?



Because the core isnt hot anymore
Posted by DavidTheGnome
Monroe
Member since Apr 2015
30503 posts
Posted on 8/2/24 at 3:17 pm to
quote:

People are broke.



I don't see how this is the solution
Posted by chRxis
None of your fricking business
Member since Feb 2008
25627 posts
Posted on 8/2/24 at 3:18 pm to
quote:

Did you speak out when Trump was beating up the Fed, demanding lower rates when they were already historically low?


you already know.... of course not
Posted by cbree88
South Louisiana
Member since Feb 2010
8122 posts
Posted on 8/2/24 at 3:19 pm to
quote:

A lot of those people will go bankrupt when we have an economic downturn


Yeah things could get ugly in a hurry. Eventually there will be consequences for everyone having to keep up with the Jones’s and have the newest, nicest stuff all the time.

I’m amazed that the high interest rates haven’t discouraged consumers from spending so much on unnecessary luxury items.

I’m afraid that we could enter stagflation pretty soon, which is the worst of all worlds: high inflation paired with a sluggish economy with rising unemployment.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
33944 posts
Posted on 8/2/24 at 3:24 pm to
quote:

Because the core isnt hot anymore


Still 65% above their 2% target. I understand the effects are delayed, but a cut runs a much higher risk of reigniting inflation because of what is signals.

This post was edited on 8/2/24 at 3:29 pm
Posted by Corriente Kid
Central Texas
Member since Aug 2021
568 posts
Posted on 8/2/24 at 3:32 pm to
quote:

high inflation paired with a sluggish economy with rising unemployment.


We're almost there
Posted by jizzle6609
Houston
Member since Jul 2009
14435 posts
Posted on 8/2/24 at 3:33 pm to
quote:

Yeah things could get ugly in a hurry. Eventually there will be consequences for everyone having to keep up with the Jones’s and have the newest, nicest stuff all the time.

I’m amazed that the high interest rates haven’t discouraged consumers from spending so much on unnecessary luxury items.

I’m afraid that we could enter stagflation pretty soon, which is the worst of all worlds: high inflation paired with a sluggish economy with rising unemployment.


Didn't you just say people had money Jack? haha

Posted by el Gaucho
He/They
Member since Dec 2010
56813 posts
Posted on 8/2/24 at 3:34 pm to
quote:

No they aren’t. People are still spending, spending, and spending like there’s no tomorrow

There is no tomorrow

Kamala is gonna put us in the fema camp
Posted by cbree88
South Louisiana
Member since Feb 2010
8122 posts
Posted on 8/2/24 at 3:41 pm to
quote:

Didn't you just say people had money Jack? haha


Yes and nothing I said contradicts that. An economic correction is likely coming soon regardless of what the Fed does. Many of these people will be in trouble at that time when they get laid off because they’re overextended and mortgaged to the gills.

If the Fed cuts rates we’ll have the worst of all worlds with people defaulting on loans left and right and inflation still burning hot.
This post was edited on 8/2/24 at 3:42 pm
Posted by Ed Osteen
Member since Oct 2007
58325 posts
Posted on 8/2/24 at 3:46 pm to
quote:

I’m amazed that the high interest rates haven’t discouraged consumers from spending so much on unnecessary luxury items.


Because the average consumer is a fricking moron with the financial foresight of a 6 year old running a lemonade stand
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
33944 posts
Posted on 8/2/24 at 3:46 pm to
quote:

they’re overextended and mortgaged to the gills.


If only Joe wasn't pushed out...he'd be able to cancel those debts and everyone would be rich and happy.
Posted by Revelator
Member since Nov 2008
60936 posts
Posted on 8/2/24 at 3:46 pm to
quote:

Why the hell is the Fed thinking about lowering interest rates?


Because they are worried about a recession
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
33944 posts
Posted on 8/2/24 at 3:47 pm to
quote:

6 year old running a lemonade stand


They always put the ice IN the lemonade and then it melts and makes the lemonade too watery. Makes me furious.
Posted by Knuckle Checker
Member since Jan 2019
535 posts
Posted on 8/2/24 at 3:57 pm to
This is all a result of economic policies over the last 40 years. No president can fix this, the system needs to crash.

We have been holding off the crash since 2008 with quantitative easing. All that does is pass the buck and make the eventual crash even worse.

Buckle up.
Posted by Nole Man
Somewhere In Tennessee!
Member since May 2011
8028 posts
Posted on 8/2/24 at 3:59 pm to
Obama



Feds Considering Rate Cut in September Article

Ugly Job Report

“A 50 basis point Fed cut in September is clearly justified as the labor market is now showing clear signs of softening,” said Yung-Yu Ma, chief investment officer at BMO Wealth Management.
Posted by shadyone2
Member since Oct 2017
1110 posts
Posted on 8/2/24 at 4:19 pm to
3 hots and a cot.
Posted by GruntbyAssociation
Member since Jul 2013
6786 posts
Posted on 8/2/24 at 4:24 pm to
So the cackling Hindu can talk about how much better things are getting under the dems and to keep it going she needs to be elected.
Posted by notiger1997
Metairie
Member since May 2009
60708 posts
Posted on 8/2/24 at 4:36 pm to
quote:

So the cackling Hindu can talk about how much better things are getting under the dems and to keep it going she needs to be elected.


A .25 or even .50 cut in September is not really going to have much of an impact before November.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
130208 posts
Posted on 8/2/24 at 4:45 pm to
quote:

People are broke.


This is a voting problem
Posted by faraway
Member since Nov 2022
3236 posts
Posted on 8/2/24 at 4:49 pm to
quote:

through his excessive spending
you mfs are so annoying. you aren't smart enough to discuss this topic if you don't understand presidents don't spend the money. spending is appropriated by CONGRESS. please get that through your heads.
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