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Post by madm002 on Sept 17, 2024 8:46:17 GMT -5
You are more in tune with that than I am. However, I think the Fed is between a rock and a hard place as you mention. If they do 50 they are going to have to do some justifying to calm everyone down.
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Post by nuevowavo on Sept 17, 2024 13:33:51 GMT -5
They just got a good consumer sentiment number and a good retail sales number. No need for 50. The direction and future cuts are what really matter.
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Post by nuevowavo on Sept 18, 2024 14:05:23 GMT -5
Well, I was definitely wrong about that. They aren't concerned about inflation, and are paying more attention to the job market.
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Post by johngalt on Sept 18, 2024 14:15:33 GMT -5
Hello higher inflation. 🤫
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Post by ferris1248 on Sept 18, 2024 17:55:07 GMT -5
Hello higher inflation. 🤫 The sky is not falling.
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Post by ferris1248 on Sept 18, 2024 17:55:58 GMT -5
Glad I got that 7 month CD at 5.1 this morning.
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kingme
Junior Member
Posts: 28
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Post by kingme on Sept 18, 2024 18:51:32 GMT -5
Glad I got that 7 month CD at 5.1 this morning. Call protected?
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Post by ferris1248 on Sept 18, 2024 19:30:13 GMT -5
Glad I got that 7 month CD at 5.1 this morning. Call protected? Yep
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Post by ferris1248 on Sept 19, 2024 5:45:22 GMT -5
The day after is opening much better than I thought. "After a typical skittish first-day reaction, world markets are on Thursday embracing the new Federal Reserve stance as insurance on the holy grail of a soft economic landing." "Fed boss Jerome Powell described Wednesday's outsize half-point interest rate cut as a 'recalibration' rather than some panicky emergency, and investors are taking the move as a sign the Fed will seek that new 'neutral' quickly without necessarily being forced into it by a weakening economy." "There was only one dissenter - Fed governor Michelle Bowman - who clearly felt the economy only needed a quarter point cut." "All in, that's precisely the balance prayed for by stock markets all year. And even though Wall Street recoiled by the close, futures are surging 1-2% again to new records ahead of today's bell." "Treasuries seem comfortable that they had it all priced in advance, with two-year yields hovering near two-year lows just under 3.6% on Thursday and the 2-to-10 year yield curve gap edging up to 10 basis points - its most positive since mid-2022." "The dollar briefly set a new low for the year after the Fed cut, but has since steadied, with dollar/yen jumping ahead of the Bank of Japan's latest decision on Friday. Sterling hit its best level in 30 months as the Bank of England is expected to pass on another rate cut later today." "Shifting the emphasis from inflation to the jobs market, Powell and colleagues - via his press conference and the Fed's updated economic and rate projections - signalled another 50 basis points of easing by yearend and a further 100bps in 2025." With jobs data super sensitive from here on, the weekly jobless claims numbers on Thursday will be a first test. "On the flip side, Wednesday's big cut underscores what appears to be a rebounding housing market and that should support the ongoing expansion - running at an estimated 3% in the current quarter. As 30-year fixed mortgage rates have now fallen to two-year lows of 6.15%, housing starts surged more than 15% last month." "As for financial markets, the basic rule of thumb is that when the Fed has previously started cutting rates into an ongoing economic expansion then stocks gain more than 16% on average over the following year - led by both large cap and small cap growth stocks." finance.yahoo.com/news/morning-bid-stocks-lap-feds-100449879.html
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Post by madm002 on Sept 19, 2024 8:03:56 GMT -5
Hello higher inflation. 🤫 Higher inflation means higher interest rates, right?
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Post by Captj on Sept 19, 2024 9:46:20 GMT -5
Mortgage interest rates actually went up yesterday. I just don't understand this stuff anymore. Old man used to say if you can't afford to buy it for cash then don't buy it. Could you imagine what would happen if people actually went back to cash?
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Post by madm002 on Sept 19, 2024 10:40:52 GMT -5
The economy would collapse, it would be ahuge reset
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