Say, 'buh buy' to the economy as an issue.

[Saylors_Tiny_Willie]

https://www.wsj.com/economy/central-banking/fed-cuts-rates-by-half-percentage-point-03566d82?mod=breakingnews

[Bigbrog]

Ahhh...I wish my brain worked so simplistically

[mspart]

34 minutes ago, Saylors_Tiny_Willie said:

https://www.wsj.com/economy/central-banking/fed-cuts-rates-by-half-percentage-point-03566d82?mod=breakingnews

So this lowers prices incurred due to the inflation we have experienced?   The Fed raised the rate by 4.1% from Jan 2020 to just a few minutes ago.   It was 1.60 percent in Jan.   It was 5.5% yesterday.   Today it is 5%.   So how is that fixing anything?

mspart

[Saylors_Tiny_Willie]

You know it's over.

Trump's campaign is circling the bowl.
https://www.theatlantic.com/politics/archive/2024/09/trump-vance-x-campaign-losing/679924/

[mspart]

So this lowers prices incurred due to the inflation we have experienced?   The Fed raised the rate by 4.1% from Jan 2020 to just a few minutes ago.   It was 1.60 percent in Jan.   It was 5.5% yesterday.   Today it is 5%.   So how is that fixing anything?

Noting Trump is circling the bowl does not answer the question. 

mspart

[Danny Deck]

As a general rule, we do not want the economic conditions that lead to deflation. 

[headshuck]

The Atlantic. Haha!

[Saylors_Tiny_Willie]

1 hour ago, headshuck said:

The Atlantic. Haha!

If only I had Tiktok videos, I could have convinced you...

[Offthemat]

How is lowering the interest rate going to affect inflation, price guaging?

[Saylors_Tiny_Willie]

Trump knows this cooks his goose.

Let the whining commence.

https://www.ft.com/content/da9347a5-b4db-4987-94c9-2aeb20624726

[Caveira]

4 hours ago, Saylors_Tiny_Willie said:

If only I had Tiktok videos, I could have convinced you...

Many times u only post links to articles bro lol.   What’s your real main accounts name.  Some inquiring folks want to know. 
 

[Scouts Honor]

 

[Danny Deck]

I'm not sure what the Goldilocks rate is, but ZIRP isn't the ideal policy either.

[Scouts Honor]

'just right'

[Saylors_Tiny_Willie]

TMTG stock just hit 14 today.

Matt Gaetz offered to drive it across the state lines.

[Saylors_Tiny_Willie]

Womp, womp, womp.

https://www.axios.com/2024/09/19/harris-trump-economy-trust-survey

[wrestlingguy]

7 minutes ago, Saylors_Tiny_Willie said:

Womp, womp, womp.

https://www.axios.com/2024/09/19/harris-trump-economy-trust-survey

People must be convincing themselves it's better than it is currently. Same ole economy just a different puppet.

[Saylors_Tiny_Willie]

3 hours ago, wrestlingguy said:

People must be convincing themselves it's better than it is currently. Same ole economy just a different puppet.

Or the economy is better than the doomsayers keep screeching it is.

[Scouts Honor]

economies better?

or did we just get used to paying over $3 for gas

$6 for a dozen eggs

$4 for a gallon of milk

it's so bad, my wife, city girl, has consented to buy farm eggs

[Saylors_Tiny_Willie]

32 minutes ago, Scouts Honor said:

economies better?

or did we just get used to paying over $3 for gas

$6 for a dozen eggs

$4 for a gallon of milk

it's so bad, my wife, city girl, has consented to buy farm eggs

Fresh farm eggs are the best.

We used to run 50 chickens.
I still miss those eggs.

She doesn't realize what she's been missing.

[Scouts Honor]

i always told her so...

but that doesn't change the rest of the post 

[Saylors_Tiny_Willie]

33 minutes ago, Scouts Honor said:

i always told her so...

but that doesn't change the rest of the post 

Doesn't change my original point either.

Harris is now tied with Trump on how they are viewed on the economy.
That issue isn't the winner for Trump any more.

[ionel]

1 hour ago, Scouts Honor said:

economies better?

or did we just get used to paying over $3 for gas

$6 for a dozen eggs

$4 for a gallon of milk

it's so bad, my wife, city girl, has consented to buy farm eggs

ahh ... where do them non farm eggs come from?  

[flyingcement]

In my opinion, the 50 was a bit much for a number of reasons:

the Fed have the dual mandate of stable prices and full employment.  these are both still within target range.  although unemployment is trending upward, now with U3 at 4.2 in August,  the Fed is trying to get ahead of that.  inflation is not at risk of going far below target.  in the Fed's view, 50 was needed.  i would have started at 25.  

I also think its odd to be more aggressive so close to an election, given how many people conflate the economy with the part of the current president.  

 

I also think the forward guidance was way too dovish.  As if to imply the neutral rate will be back closer to where it had been pre-pandemic.  I don't buy that, barring some miraculous fiscal balancing act

Edited September 20, 2024 by flyingcement

[Saylors_Tiny_Willie]

https://apnews.com/article/harris-trump-economy-poll-inflation-dc80ac9e5d7da42900762910d5f0a283