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2024-09-19 Economy

The Fed Tied Its Own Hands with Rate Cut Decision

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Posted by Skidmark 2024-09-19 03:43|| || Front Page|| [11125 views ] Top
File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats

#1 Fed/Powell Unleash Chaos Across Markets With 'Not A Crisis At All' 50bps Rate-Cut

Posted by Skidmark 2024-09-19 05:42|| 2024-09-19 05:42|| Front Page Top

#2 The Fed was pretty accommodating under Trump.

From early 2017 to dec 2018 it rose from about 1.25% to 2.25%, then as the Covid hit it dropped to about 0% by spring of 2020.

Posted by Lord Garth 2024-09-19 05:55|| 2024-09-19 05:55|| Front Page Top

#3 Boom - right on schedule: federal debt up $82 billion in just 2 days to new record high of $35.351 trillion

We're broke. Period. No one has the will to stop it. It'll have to collapse before anything rational is done.

Posted by Procopius2k 2024-09-19 08:29|| 2024-09-19 08:29|| Front Page Top

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