The minutes of the July 30-31 meeting, released on Wednesday, also showed officials believed uncertainty surrounding the Trump administration’s trade policy wasn’t likely to let up anytime soon, creating a “persistent headwind” for the U.
S. economic outlook.
Damn their job under this idiot trump must be stressful!
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The Fed will cut rates five more times before April, analysts predictThe U.S. Federal Reserve will cut interest rates five more times by April 2020, according to analysts at Danske Bank. This, every six weeks meeting going forward! My savings rate! For the love of God no... お花畑か
Source: CNBC - 🏆 12. / 72 Read more »
It wouldn't be surprising if the Fed cuts rates, policy expert saysPresident Trump continues to blast the Fed and Chairman Powell for not moving fast enough to lower interest rates. This comes as Fed officials get ready to gather at the annual Jackson Hole Economic Policy Symposium. Nellie Liang, senior fellow at the Brookings Institution, and Vincent Reinhart, chief economist at BNY Mellon, join 'Squawk Box' to discuss. This is mostly right but I think it still overstates the potential benefit of a rate cut. Rates are not high enough to be slowing the economy and we already proved that ZIRP and QE don't matter. And Japan and Europe prove it every day. If the economy is strong, why does it need support? Blah blah many people are saying babble babble biggest crowd ever blather blather jews love me blah blah
Source: CNBC - 🏆 12. / 72 Read more »
Fed debated bigger rate cut, wanted to avoid appearing on path for more cutsFed debated cutting interest rates more aggressively at last meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts What is the level of Trump's debt and how much would a 100 basis point rate cut help him? If the wealthy actually did something with their huge tax cuts paid by the people other than sit on it we wouldn't be talking about cutting interest rates and use what cushion we have in case of a major issue that may come about. Trump going to have us so broke it's pitiful.
Source: Reuters - 🏆 2. / 97 Read more »