I was wrong. The FED DID lower rates by 0.25.
I honestly didn't think they'd do it after last week's disaster of an employment report and the multiple downward employment revisions of the previous 2 months.
Money printer gonna go brrr like a mf'er.
nostr:note1cut08mad29dyw4u3np3pg9snwx649marzn9cejlfvysfv7at399s6w2dcl
Out of curiosity what is the logic that led to no rate cut in your scenario?
Disaster employment reports.
right, I guess I read that as bad employment would be good for more rate cuts? not being a pain just trying to follow
If they were concerned about employment they would start cutting rates faster.
Lower rates = access to easy credit for business = business expands and starts hiring more
Powell said overall employment situation looks ok and inflation data is easing but still a little to high so they're going to keep going slowly lower unless something changes on either employment or inflation data.
Interest debt too damn high. Had to.
