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+--- Thread: THANKS BIDEN! Fed cuts rates once again. (/showthread.php?tid=292664)
THANKS BIDEN! Fed cuts rates once again. - SteveG - 12-18-2024
Unparalleled prosperity. Only Trump can fix this.
Fed cuts interest rates by 25 basis points to 4.25%-4.50% range
Fed chief Powell signals new phase of slower rate cuts
Wednesday's move was third straight rate cut
Fed will need time to assess Trump tariffs
Powell very optimistic about economy for 2025
Re: THANKS BIDEN! Fed cuts rates once again. - Speedy - 12-18-2024
Mortgage rates have recently ticked up. They are tied to 10 year Treasuries which are up because of fears that the debt and deficits will be higher under Trump due to his tax cuts for the wealthy.
Re: THANKS BIDEN! Fed cuts rates once again. - rgG - 12-18-2024
DOW down over 1,000 today
NASDAQ down more, percentage wise.
Wall Street doesn’t like that they will get fewer cuts next year, probably 2 instead of 4.
I’ll bet Trump is really upset that Powell said he won’t quit.
Re: THANKS BIDEN! Fed cuts rates once again. - SteveG - 12-18-2024
The 1100 point plunge is because of the growing fear of what Trump will do to the economy.
Re: THANKS BIDEN! Fed cuts rates once again. - gabester - 12-18-2024
Steve G. wrote:
The 1100 point plunge is because of the growing fear of what Trump will do to the economy.
Now the money men are afraid of him? Seems like this ought to have been priced in since around November 5th.
Re: THANKS BIDEN! Fed cuts rates once again. - sekker - 12-19-2024
The sugar-high of Trump's win is starting to resolve.