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.
Chi,
Congrats, your kid has given you the best gift ever. You don’t have to worry about the rest of Senior year, just how you’ll pay for it.
I have early acceptances coming in for my kid, with a healthy chunk of Scholarship, but these are getting put on the back burner. Mrs Fab is of the opinion that the kid will follow their dreams and pick the major and school that talks to them.
What kills me is that the kid did an internship over the summer in AI, Blockchain and CyberSec and nailed it. They posted a 5 on AP Eng Lang, that puts them in the top 9% of the country.
But they just want to study Theatre Arts and Design.
Ok, now onto the rest of the garbage posted here.
Popular vote, the numbers are not finalized there is amount 7 million to come in for California. But numbers are down and that is very suspicious. I dont have time to deep dive into it.
Spiked Online, another Koch funded mouthpiece. This is where myself and Eddie Ray really differed. He would post up these sources (“Tax Profs for Jesus” was a gem), that when you looked under the covers were funded by Koch, Heritage or Cato. This is one that they bailed out a far left wing and are hiding under the banner.
US electing Obama was not “signify that the US had broken with a horrible pre-civil rights-era history of racism”, but was the trigger for where we are today.
The moment he was elected, the Tea Party busses started rolling. The GOP became the party of NO. Obama sat down with the GOP to discuss ACA, he would have given them major concessions (Tort Reform??) to ge a consensus, but there was nothing on the other side.
I said at the time, that if Bonehead and Skeletor didn’t reign in the tea party, it would consume them. That morphed into MAGA that just feeds off White Fear.
I said at the time, that if Bonehead and Skeletor didn’t reign in the tea party, it would consume them. That morphed into MAGA that just feeds off White Fear.
That may be partially true, but there was a pretty big swing among blacks and latinos to Trump this election.
OC1,
I dont think there is a black problem, but I did read a great piece ( I can’t recall where), that did address the Latino questions.
There were two main avenues address. The first and simplest was that the Dem alliance with the left and Communism, tied in with the left wing dictatorships they were fleeing in the first place.
The second was more subtle in that they did not identify with the groups that where following them to America. There where the I came here legally why cant you!
That is followed by the ones that see themselves as equal in America.
I had an interesting conversation with a Cuban American. Big dog lawyer, laying down the case for Cuban support for the GOP. Lots of discussion on Castro etc. He started down the path of legal immigration, I tried to bite my tongue but came out with, “Should they not get Dry Foot rights like your father did as they walked the whole way here”.
Sorry for the grammar mistakes, very long day here for me. I posted this in the last thread.
Back to First world problems. I am at a point where i have to find a CFP to help me with some Fatberg sized problems I need help resolving. Does anyone have any recommendations for a good CFP in North Jersey. One issue I have is a very large single stock position that I need to address. I cant sell due to the tax hit and I cant do covered calls. Lombard loan to buy a business may be feasible.
Chi, I do have to say that while professionally I have no issue with you, I don’t think we would work well together.
Popular vote, the numbers are not finalized there is amount 7 million to come in for California. But numbers are down and that is very suspicious.
There is nothing suspicious. The election was fair, just like it was in 2020. Harris will not spend the next two months filing lawsuits and whinning like a little bitch about how the other guy cheated. In January we will have a peaceful transfer of power.
That’s the way civilized, patriotic Americans do it.
Don’t go the “reverse MAGAtard election conspiracy” route.
We already have more than enough real “MAGAtard election conspiracy” morons to deal with.