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| Economy |
| Fed Reserve: No change in rates now, probably won't change them in March |
| 2024-02-01 |
| [Barrons] The Federal Reserve kicked off the year in neutral, opting to keep interest rates unchanged at a meeting of its policy-setting committee on Wednesday. The call, which was widely expected and unanimous, keeps the target range for the federal-funds rate at 5.25%-5.50%... Despite markets anxiously awaiting rate cuts, the Federal Reserve is unlikely to start easing monetary policy at the next meeting of its policy-setting committee, in March. "I will tell you that I don't think it's likely that the committee will reach a level of confidence by the time of the March meeting to identify March is the time to do [rate cuts]," Powell said Wednesday. He added that a March cut is "not the most likely" or "base case" scenario. .................. so a rate cut maybe in May; maybe (the market is pretty sure of this, I'm not) |
| Posted by:lord garth |
| #4 Washingtonese - a decrease in the rate of increase is a "cut." |
| Posted by: M. Murcek 2024-02-01 09:32 |
| #3 Gaslighting by the Biden tools and MSM: "The rate of inflation is down" |
| Posted by: Frank G 2024-02-01 09:12 |
| #2 Artificial progress to end in early Nov. |
| Posted by: Besoeker 2024-02-01 09:07 |
| #1 Why do I see a Election Year planned decline in Fed Rates. I still remember Whip Inflation Now (WIN) from the 70's under Carter and the impact it had on my Ga. State salary. The Dem's tried to hide it, by trying to move the US moving to the European Metric System. Which confused the hell out voters on the real prices. Droves of us dumped the Gov. Employment and went Private sector due the massive pay gap between public and private sector pay for the same jobs and duties. |
| Posted by: NN2N1 2024-02-01 06:16 |