Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’

    https://www.cnbc.com/2024/08/23/fed-chair-powell-indicates-interest-rate-cuts-ahead-the-time-has-come-for-policy-to-adjust.html

    Posted by Xtianus21

    41 Comments

    1. Dull_Broccoli1637 on

      Rates = damage has been done, and because it’s been lagging, prepare for a downturn and more layoffs.

      Have fun ![img](emote|t5_2th52|4275)

    2. lostredditorlurking on

      I felt a great disturbance in the Market, as if millions of đŸŒˆđŸ» suddenly cried out in terror and were suddenly silenced.

    3. madeupofthesewords on

      So this is a good thing, but people in the comments with a fraction of the knowledge Powell has, are happy to predict a massive economic collapse based on nothing more than they can’t stand a bull run into the elections for their Orange man.

    4. My guess is that you want to be selling in advance of the actual rate cut. But who knows, really?

    5. What’s that brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr sound i hear?

    6. DarkMatter_contract on

      We choose to go to the moon. We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win.

    7. RevolutionaryKale944 on

      If rate cuts now, Target gonna be like $15 gallon milk tomorrow. Calls on TGT

    8. Lemme get this straight.  JPOW confirms the BEST CASE scenario for the bulls, the market doesn’t move up at all, but suddenly it’s a gay ber hunting party?

    9. By the time we get to rate cut time, depending on the data, the market will likely want more than one cut. inflation is coming down for the consumer. But input costs are still high, and hurting manufacturing.

    10. BreakingCiphers on

      The literal job of the FED is psychological. They need to make these announcements and the market just psycholigically responds.

      How do I get that kind of a job boiz? Just scream shit and have the world believe me

    11. tekkers_for_debrz on

      I don’t understand SP 500 at all time highs, market and economy seem to be healthy. Inflation is under control. Companies posting record profits. Why can’t companies just innovate? What is the need for rate cuts?

    12. Melodic-Scheme8794 on

      this means the market will crash and recession will hit. it has been happening for the last 50+ years.
      Dumbasses will lose all their wealth and smart money will buy everything.

    Leave A Reply
    Share via