From CNBC:
Federal Reserve cuts interest rates by a quarter point
The Federal Reserve approved its second consecutive interest rate cut Thursday, moving at a less aggressive pace than before but continuing its efforts to rightsize monetary policy.
In a follow-up to September’s big half percentage point reduction, the Federal Open Market Committee lowered its benchmark overnight borrowing rate by a quarter percentage point, or 25 basis points, to a target range of 4.50%-4.75%. The rate sets what banks charge each other for overnight lending but often influences consumer debt instruments such as mortgages, credit cards and auto loans.
Markets had widely expected the move, which was telegraphed both at the September meeting and in follow-up remarks from policymakers since then. The vote was unanimous, unlike the previous move that saw the first “no” vote from a Fed governor since 2005. This time, Governor Michelle Bowman went along with the decision.
The post-meeting statement reflected a few tweaks in how the Fed views the economy. Among them was an altered view in how it assesses the effort to bring down inflation while supporting the labor market.
“The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance,” the document stated, a change from September when it noted “greater confidence” in the process.
MAGA 1st
WTF?
Thank you everybody.
It has handled the last 13 months with class and thoughtfulness. It stands out among peers. I think it fell upward in the US News rankings to 12 as a result.
No One says:
November 7, 2024 at 1:46 pm
Congrats Chi!
Are you preparing antidotes for the leftist brainwashing to come?
Ten 433
To be clear, I heard about the range being 360-500, so 430 is the Fib 50 level…. it broke through 430. You probably saw how it contended with it over the last little bit of time. So we have support here, but if we break below it is a big rally down. However, Trump and his ability to fire Powell is a big dynamic. Inflation will likely reignite and the Ten should sell off (yield up). Obviously, pure conjecture. Nothing to invest in…… plenty of equity opportunities for now.
Congrats Chi just don’t be one of those douches with the University car decals.
” Ivy Dad “
Congrats chi. Keep telling him to not get indoctrinated.
Oc from yesterday . . .
Haha, I truly hope the Dems draw the exact wrong lessons from this election and keep doubling down and pushing J6, trans lunacy, racial/woke stuff, censorship, and “her turn” all the way through 2028. Maybe lecture the American people about being too sexist for a few more years. Maybe misinformation board Mary Poppins should be the candidate next time and she should just sing nonsense instead of the word salad. I concur with Ed’s suggestion that, if so, we may see the seemingly impossible and have NJ and NY go red. Harris beat T by 5 points in NJ, according to the most recent count so far: 51 to 46.
MSNBC can push and push J6 all it wants, but the people saw the surveillance footage of grandmothers strolling into the capitol that day like they were tourists, not Ostrogoths sacking Rome, lol.
Cornell, I don’t remember eating Cornell.
Congrats CHI.
Just try to keep your kid away from the snowflakes.
crushed-
https://www.youtube.com/watch?v=DXnHIJkZZAs?start=13
Are those “grandmothers strolling into the capitol” in any of these clips?
Maybe the person bashing the cops with a hockey stick? Or the person spraying cops with bear spray?
Or maybe the guy at 4:54 screaming “we’re gonna make a list and start hunting them down”?
Oh- that’s a dude. Probably a grandfather out for a stroll.