Fed says it’s not ready to cut rates until ‘greater confidence’ inflation is moving to 2% goal
https://www.cnbc.com/2024/07/03/fed-minutes-fomc-not-ready-to-cut-rates-until-greater-confidence-inflation-is-moving-to-2percent-goal.html
Posted by batyrshah
22 Comments
Market: “YAS CUTS! PAMP IT” 
Translation: “We are working hard to figure out the correct basket of goods to use in our calculations of inflation so we can massage the number like a swollen prostate down to a cool 2%”.
Services PMI showed weakness in the economy, let’s uneployment tomorrow. They might be forced to cut soon
No rate cut = red stonks?
So fuck your puts and fuck your calls?
Translation: we keep the stock market up till election and then we will fck your a$$ 
If you haven’t realized yet, they’re going to continue kicking the can down the road, waiting for the bottom of the bag to fall out of the market. THEN they will cut as a necessity.
I suspect November could be a very interesting month all around.
If they don’t cut this meeting they will overshoot their goal and possibly cause a depression.
They should have cut last meeting.
They need to be smoother. JPow loves jerking us around with his sudden changes.
One cut now, and maybe that’s all we’ll need for the year. Otherwise, they will be scambling at EoY to contain the damage from their delays.
This isn’t new. These are the meeting minutes from June 12. JPow literally said everything in his QA then that these now released minutes show.
Puts in December
Tell me you’re political while telling me you’re not political.
Been hearing this since 2022
Translation: we ain’t cutting until shit hits the fan
Rates won’t be cut until after the election
A good ol’ market crash would force an interest rate cut. If you think that institutions can pump the market anytime they want, then you know they can crash it too. They will just hold it up until retail holds all the bags, which is pretty much now, then crash it to force interest rate cuts, which are bad for consumers but easy to spin for morons. Banks DGAF about the citizenry. SOFR options are a shitty crystal ball, but crystal ball none the less.
Why don’t they just “fix” the numbers and say it’s 2%? Like they’ve been doing with the basket of goods. Yay! We beat inflation! See how ready it is.
Good for long-term stability and growth. Bad for banks and lenders and idiots that bought houses at the peak.
JPOW tried to play the nice dove in the fall but then every regard and their grandma pumped the markets in Q1 so now they’re going to wait until the bottom falls out of the economic hard data and will be forced to cut
More call it is
Buy XRP and HBAR, fire the FED!
Based. Raise rates again you coward
it’s gonna be so nasty when the yield curve unfucks and they completely overshot 2%
whatever america #1 either way
those other clown countries have no chance of competing even on our worst day
ECB: poor/cucked
china: authoritarian/regional menace
BOE: never making a post brexit comeback
BOJ: so inflationary any yen denominated investments have been trading flat in terms of real returns for as long as most of you have been alive
russia: never showed up
bitcoin: illiquidity machine
america: oh no a little debt (read: liquidity to keep things moving)
USD/america doomers fail to realize the global context of our absolute mogging of everyone else