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re: Breaking: Fed leaving interest rates unchanged.

Posted on 7/29/26 at 6:10 pm to
Posted by ned nederlander
Member since Dec 2012
6187 posts
Posted on 7/29/26 at 6:10 pm to
quote:

Are we to the point at which Powell gets an apology for the abuse he took over not lowering the rates?


While we’re at at, inflation was in fact transitory until we elected a President that imposed broad tariffs, exploded the debt, arrested cheap labor, and spiked oil with a new war,
Posted by Tigergreg
Metairie
Member since Feb 2005
27729 posts
Posted on 7/29/26 at 6:18 pm to
My commercial loan was 3.99% 5 years ago. The renewal will be 6.75 or 6.5% depending on the points I want to pay up front.
Posted by TerryDawg03
The Deep South
Member since Dec 2012
18337 posts
Posted on 7/29/26 at 6:24 pm to
quote:

Cheap money for 13 years didn’t get us here no matter how many times some on this board insist on believing it, out of control government spending got us here, nothing more.


The government spending needs the cheap money. They couldn’t get away with it if rates increase.

Cheap money has everything to do with things.
Posted by TerryDawg03
The Deep South
Member since Dec 2012
18337 posts
Posted on 7/29/26 at 6:26 pm to
quote:

My commercial loan was 3.99% 5 years ago. The renewal will be 6.75 or 6.5% depending on the points I want to pay up front.


The Covid era rates are painful. I had to work with someone whose lender didn’t explain to him that his commercial loan matured after five years and the rate would adjust, even though the amortization was for 15 years. It was to a nonprofit. Had to explain cost of funds and treasurys to him so he understood why his rate was increasing.
This post was edited on 7/29/26 at 6:27 pm
Posted by Penrod
Member since Jan 2011
58108 posts
Posted on 7/30/26 at 4:48 am to
quote:

While we’re at at, inflation was in fact transitory until we elected a President that imposed broad tariffs, exploded the debt, arrested cheap labor, and spiked oil with a new war,

Tariffs are not inflationary, and we can’t blame him for the debt. But the war and the immigration are certainly inflationary.
Posted by Wally Sparks
Atlanta
Member since Feb 2013
32974 posts
Posted on 7/30/26 at 5:48 am to
quote:

and we can’t blame him for the debt


You can absolutely blame him for his first term debt and not pushing a balanced budget.
Posted by IMSA_Fan
Member since Jul 2024
978 posts
Posted on 7/30/26 at 6:27 am to
He has signed budgets and legislation that are estimated to add roughly $10 trillion to projected deficits since 2016, and he’s now asking Congress to approve even more borrowing to help cover the costs of the war with Iran.

That figure doesn’t even account for the additional interest costs driven by larger deficits, or the higher borrowing costs associated with market uncertainty from tariffs and the Iran conflict, both of which have put pressure on the bond market.
This post was edited on 7/30/26 at 6:30 am
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
101004 posts
Posted on 7/30/26 at 7:25 am to
quote:

Powell was just some person to redirect anger at because the president of deals and low prices is doing neither.


Powell said inflation was transitory

He was a fool who was too late to raise them and too late cut them again

Posted by Sus-Scrofa
Member since Feb 2013
11590 posts
Posted on 7/30/26 at 7:48 am to
The housing market is frozen.

Old people who should be downsizing and young growing families with improving financial situations who should be looking for a bigger or better house are stuck.

They either have no mortgage or a low mortgage rate and moving would be a bad deal financially because of the cost of what they’d move in to and the higher rate.

New buyers need those two groups to be downsizing or upsizing for things to be working right.
This post was edited on 7/30/26 at 7:49 am
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
101004 posts
Posted on 7/30/26 at 7:54 am to
If they have all that equity then can just buy a new property in cash

Or get a Reverse mortgage
Posted by Penrod
Member since Jan 2011
58108 posts
Posted on 7/30/26 at 6:37 pm to
quote:

You can absolutely blame him for his first term debt and not pushing a balanced budget.

Nope. There’s a reason no president pushes back on that or on social security; it’s because the voters punish fiscal responsibility. The blame lies with the voters. No president can do a thing about it.
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