Fed cuts rate!!

[MaryMagdaline]

Last edited Wed Sep 18, 2024, 05:24 PM - Edit history (2)

(Edited to remove line saying “DOW surges!” Clearly that did not last.)

Biden deserves this win! He has masterfully handled this economy.

Kudos also to Elizabeth Warren for working the refs on behalf of the American people. They’ve held us hostage for many months. Should have been a full point but I’ll take it.

[Fiendish Thingy]

1. They never cut a full point unless the economy is in crisis

Like COVID or the 2008 GFC.

[Coexist]

2. knr!

[DoBW]

3. a beautiful thing

tsf can eat it

[MaryMagdaline]

6. My sentiments exactly!

[Pinback]

4. For the Fed, a half-point is INSANE!!1!

I was really expecting a quarter point. To say the Fed is cautious is a bit of an understatement.

[MaryMagdaline]

5. Me, too

I think this is a serious FU to Trump

[rsdsharp]

7. Staggers is more like it. Up a massive 63 points right now, and it was actually down for awhile after the announcement.

[walkingman]

8. There is speculation that 50 basis pts vs 25 is a signal that the economy is

a little weaker than expected. The next job numbers (due Friday) will more than likely give a clear signal.

[MaryMagdaline]

9. True. I don't expect a great jobs report on Friday.

The rate cut might help real estate which might jump start the jobs in that sector.
We need this cut.

[2naSalit]

10. K&R

This going to set off a whole new set of wild tales from the orange menace.

[durablend]

12. Expect an overload of poo overnight

"DISBAND THE FED! THEY'RE IN THE TANK FOR KAMBALA! DEEP STATE DEEP STATE!!!!!!"

[2naSalit]

13. Yup...

I know you're right about that. It's another button pushed. He begged and demanded that the Fed not lower rates, even though everyone knew it was going to happen right about now.

So tired of him.

[MichMan]

11. The Dow lost 375 points

[onenote]

14. yes and no. It gave up the brief 375 point gain, ended up down 103 points.

[SunSeeker]

15. Kudos to Janet Yellen. nt

[LetMyPeopleVote]

16. the Dow is crashing to new record highs today after the Fed cut interest rates

Link to tweet

[onenote]

17. The dow closed down 103 points.

[LetMyPeopleVote]

23. When trump left office, the Dow Jones was sitting at 31,188.

LOL
Do you remember TFG promising a stock market crash if President Biden was elected? The Dow is also up a great deal for the month

Link to tweet

[BattleRow]

24. And Trumpty Dumpty had a great fall

[IA8IT]

26. You would have a very bright future in media!!! LOL

[dchill]

18. "Dow surges..." I hope it didn't rescue Trump Media!

[orwell]

19. Market reaction...

...tells you a 50 basis point cut was already baked in the cake. If they had only cut 25 the reaction would have been more negative.

The credit markets had priced in a 50 basis point cut and are actually pointing lower.

That being said it is good news for Kamala. It helps to ease one of her only vulnerabilities, high cost of borrowing.

The Orange Anus will not be amused...

[DoBW]

25. what lies will he tell?

to spin it?

[orwell]

27. The "Deep State"...

...aka the Fed is against him.

Never mind that they waited an inordinate amount of time to institute the 1st rate cut, to "his orangeness" it is a betrayal.

[LetMyPeopleVote]

20. Statement from Vice President Harris on the Federal Reserve's announcement

Link to tweet

[joanbarnes]

21. not good news for those few of us who are savers

[jalan48]

22. The markets are currently down according to MSN money.