Article

2024-09-18 Economy

Federal Reserve set to cut interest rates TODAY for the first time in more than four years: Questions remain over how big the move will be

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Posted by Skidmark 2024-09-18 08:34|| || Front Page|| [11127 views ] Top

#1 Gas prices dropping 30 to 50 cents a gallon in swing states. Good, but fake, economy news, and etc.

What next, a 6% to 8% SSA COLA anouncement?

Oh thats right, the national election is just weeks away?

Posted by NN2N1 2024-09-18 13:45|| 2024-09-18 13:45|| Front Page Top

#2 Drop was 50 basis points, a half a percent

This will have little short term economic impact as even after the cut the rates are pretty high by historic level (the rate hit 4.75% in 2007 but went down and didn't reach that level again until 2023).

After a few more cuts people will begin to borrow for vacations, home improvement, etc.

Posted by Lord Garth 2024-09-18 15:08|| 2024-09-18 15:08|| Front Page Top

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