Current Events > Fed Chair Jerome Powell hinting at Interest Rate cuts in the near future.

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#1
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ironman2009
08/23/24 7:12:23 PM
#2:


so we're saying J Pow 2024?

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ReiRei89
08/23/24 7:13:57 PM
#3:


Dipshit was trying to get the Fed to not slash rates because he didn't want it helping Biden. Now the Fed is going to slash them and Harris will hopefully benefit while Dipshit has a meltdown.

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BlueTigerLion
08/23/24 7:19:17 PM
#4:


ReiRei89 posted...
Dipshit was trying to get the Fed to not slash rates because he didn't want it helping Biden. Now the Fed is going to slash them and Harris will hopefully benefit while Dipshit has a meltdown.

I totally forgot there was a political angle to this. On stocks/finance discussions it was always rumored there would be interest rate cuts this year. This is tied to inflation and inflation is just about under control.

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Tyranthraxus
08/23/24 7:22:54 PM
#5:


Fuck yo puts, fuck yo calls
JPow has you by the balls

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1337toothbrush
08/23/24 8:26:10 PM
#6:


So is the plan to eventually go back to near-zero interest rates? The stock market is itching real bad for rate cuts. I remember when they were hoping for six rate cuts just this year.

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ironman2009
08/23/24 8:27:22 PM
#7:


1337toothbrush posted...
So is the plan to eventually go back to near-zero interest rates? The stock market is itching real bad for rate cuts. I remember when they were hoping for six rate cuts just this year.

fed tries to aim for 2%

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__aCEr__
08/23/24 8:29:10 PM
#8:


ironman2009 posted...
fed tries to aim for 2%

That's their target number for inflation.

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Mearcstapa
08/23/24 8:29:44 PM
#9:


Home prices to skyrocket again.

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ironman2009
08/23/24 8:45:24 PM
#10:


__aCEr__ posted...
That's their target number for inflation.

oh right, i misread the post.


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Baphometa
08/23/24 9:05:27 PM
#11:


I can't find the quote, but the Fed talked about evaluating mortgage rates mid-2024, looking to hit 6%. Here we are.
I do wish they'd address investment buyers before making this move. I'd like to buy a house before I'm dead.

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kingdrake2
08/23/24 9:49:03 PM
#12:


ReiRei89 posted...
Harris will hopefully benefit while Dipshit has a meltdown.


orange baby man having a fit is the best outcome to happen imo.

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