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re: Feds Raise Rates a Quarter Point

Posted on 9/16/26 at 1:41 pm to
Posted by Rip Torner
Member since Jul 2023
3632 posts
Posted on 9/16/26 at 1:41 pm to
Whether the Fed cut rates or didn’t cut rates in 73’ is irrelevant. By the end of the Carter administration they were double digit, gas prices were high, and economic growth was anemic. The US economy was much different during the 50’s and 60’s when the average consumer wasn’t swimming in debt just to survive. The US national debt was nonexistent. We now owe 40 trillion in debt and the average American has 10k in cc debt, sustained higher rates now would crush the American consumer not correct decades of deficit spending
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
42080 posts
Posted on 9/16/26 at 1:41 pm to
quote:

housing is just fine.


Nearly 30% higher on a per square footage basis in real terms is fine? You must be a fricking democrat.

Nice crawfish you fricking retard.
This post was edited on 9/16/26 at 1:42 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
185515 posts
Posted on 9/16/26 at 1:41 pm to
quote:

Job market awful


Except for the fact that we not only have beaten expectations but also have had to revise a report or two up from the previously reported numbers?
Posted by BBONDS25
Member since Mar 2008
60898 posts
Posted on 9/16/26 at 1:41 pm to
quote:

Otherwise it leads to high inflation.


When will we see this high inflation? Is being below historical averages high to you?
Posted by Taxing Authority
Houston
Member since Feb 2010
64226 posts
Posted on 9/16/26 at 1:42 pm to
Kevin Warsh delivering the 15% GDP growth Trump promised!
Posted by BBONDS25
Member since Mar 2008
60898 posts
Posted on 9/16/26 at 1:42 pm to
quote:

He’s not a leftist and who is we?


He absolutely is. No way you can hope the DSA wins and not be a leftist.

No way you can fight against tax cuts and not be a leftist.
This post was edited on 9/16/26 at 1:43 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
100665 posts
Posted on 9/16/26 at 1:44 pm to
quote:

Except for the fact that we not only have beaten expectations but also have had to revise a report or two up from the previously reported numbers?


And when those are revised back down next report what will the excuse be?
Posted by roadGator
DeBoar’s dome
Member since Feb 2009
160268 posts
Posted on 9/16/26 at 1:44 pm to
He’s not but I understand that assigning beliefs to others here is commonplace.

And who is we?


Several of the clasping seals say things like “
We all know” this or that


I’ve wondered who we are and all is just laughable.
This post was edited on 9/16/26 at 1:46 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
185515 posts
Posted on 9/16/26 at 1:45 pm to
quote:

tighter policy fights the part of inflation it can influence (demand) and leaves the part it cannot (energy) in place. If they keep hiking from here while diesel keeps feeding into food and goods, you get “stagflation-lite”




FWIW, I was hoping for another can kick down the road and was hoping Trump figured a way out of the war before the next meeting. I am not cheering the hike on, but I don't think it is the end of the world yet.

Now, if they erase all of last year's hikes as many are predicting, then I think we will have more reason to fear stagflation.
Posted by gumbeaux
Member since Jun 2004
5552 posts
Posted on 9/16/26 at 1:45 pm to
quote:

So glad we have a stable genius/economist/statesman in the Oval Office


Trump had an uncle that was a professor at a prestigious school and Trump said he was a genius. Yesterday or maybe the day before, he went on to say he inherited his uncle’s genius genes.
This post was edited on 9/16/26 at 2:06 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
64226 posts
Posted on 9/16/26 at 1:46 pm to
quote:

Inflation is also below the 50 year average.
I was so hopiong for a return to average!

Trump admin looking more like the Carter admin every day.
- oil crisis
- rising interest rates
- getting worked by the Iranians
This post was edited on 9/16/26 at 1:53 pm
Posted by 3down10
Member since Sep 2014
40339 posts
Posted on 9/16/26 at 1:46 pm to
quote:

Inflation is at 2.4%

Job market awful. Lets hike says the Money Board and poli geniuses


Inflation is fought with higher interest rates.

Posted by Fat Bastard
alter hunter
Member since Mar 2009
93655 posts
Posted on 9/16/26 at 1:46 pm to
anyone crying over gas is poor/petty. we had these prices under W. be glad gas has not risen like the costs of other goods over time. it could be way higher if not a supply and demand commodity.

the issue is during biden's regime and the huge increase for certain goods and services of which many have not went down post covid with supply chain issues amongt other issues.

trump has to get inflation down to where he had it first term. biden exploded it and left a shitshow.
Posted by JimEverett
Member since May 2020
2722 posts
Posted on 9/16/26 at 1:47 pm to
It is relevant - 73-74 is a cautionary tale and it explains why the Fed is insistent on maintaining the 2% goal. You dont clamp down on that and then the economy slows there isn't much to be done unless you do what volker had to do - take rates to relatively astronomical levels and play a huge role in causing a recession.

Economy is strong now - the Fed should be more active in controlling inflation
Posted by stout
Porte du Lafitte
Member since Sep 2006
185515 posts
Posted on 9/16/26 at 1:48 pm to
quote:

gas prices were high


What gets me, when comparing now to 1973, is that we were way more dependent on foreign oil in 1973 than we are now which is a huge driver of what caused the panic and stagflation.

Too bad being the world’s top oil producer doesn't mean we get a domestic discount.
Posted by imjustafatkid
Alabama
Member since Dec 2011
68754 posts
Posted on 9/16/26 at 1:48 pm to
quote:

Feds Raise Rates a Quarter Point


Morons.
Posted by Rip Torner
Member since Jul 2023
3632 posts
Posted on 9/16/26 at 1:48 pm to
Tell me this, sustained inflation in the US is debt driven. What does increasing the interest rate on that debt accomplish?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
42080 posts
Posted on 9/16/26 at 1:48 pm to
It won't let me link the pdf directly.

Type in average square footage of home 1976 census into google and click the census links in the AI overview. New houses in 1976 averaged 1700/sqft.
Posted by ronricks
Member since Mar 2021
13657 posts
Posted on 9/16/26 at 1:49 pm to
quote:

Inflation is at 2.4%


Total fabrication by SDVCuck trying to make his hero Trump not look like a total idiot.
Posted by stout
Porte du Lafitte
Member since Sep 2006
185515 posts
Posted on 9/16/26 at 1:50 pm to
quote:

And when those are revised back down next report what will the excuse be?


June and July have both been revised up

We don't know yet if August will be revised up as well, but I think the Fed raising rates today is a good indicator of which way it will go.
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