And the government is gonna run up 3 trillion in a month to hit your tweet 's annualized number? I understand the guy is annualizing the last recorded month but still
1.9T this year. 1.6T est for next year. Doesn't seem sustainable. I guess it's great news both parties are committed to deficit and spending reductions including sunsetting ill conceived tax cuts...
For the education of CicleTheDrain, Over the past 60 yrs, except for Clinton, every POTUS has generated budget deficit; Way before Biden, all GOP POTUS (nixon, Reagan, both Bush and Trump) had generated huge deficits; why didn’t fools / hypocrites such as James Lavish / you call them out
As reported by Bloomberg, In the last six months, conditions have developed that allow the Fed to ease policy. The inflation metric that the Fed favors in setting policy, the personal consumption expenditures index excluding food and energy prices, or "core PCE," has fallen by half, from a peak year-over-year rate of 5.2% in 2022 to 2.6% currently. Core PCE has fallen by half from its 2022 peak All roads lead to lower interest rates, to be announced at the Fed meeting on this coming Wed/Thur
US Federal Reserve Bank Set To Make First Rate Cut Since 2020 Since 2022, the Fed has raised rates 11 times, and paused over 14 times. Currently, the Fed's benchmark lending rate sits at a 23-year high The Central Bank has a dual mandate from Congress to act independently to set monetary policy to ensure both stable prices and maximum sustainable employment. Its rate decision will be announced ~~ 2PM EST today, and will be followed by a press conference with Fed Chair Jerome Powell. Senior officials at the US central bank including Fed Chair Powell have indicated that a rate cut is coming, as inflation eases toward the bank's long-term target of 2%, and the labor market continues to cool in the post-Covid economy.
A rate cut will likely lift the spirits of US consumers, who have consistently named the cost of living and inflation as top concerns ahead of November's election in which former Republican president Donald Trump is running against Democratic Vice President Kamala Harris. Dementia Don has repeatedly criticized Fed Chair Powell, who he first appointed to run the US central bank, and has suggested that its decisions are political -- accusations the US central bank has strongly refuted. this is the latest eg of the dementia one's projection. Back in 2019, when the trust-fund baby was POTUS, Trump heaped pressure on Fed chair Powell to cut rates
Half point. IMO a quarter would be better to ease back in to things but it's an election cycle. Overall I'm hoping to see it get back to pre-pandemic rates sooner rather than later.
from my perspective, this 1/2 pt cut amounts to an admission, by the Fed, that it should have cut in July Aug was the 4th consecutive month of a weakening labor market; should have cut after the second month of weakening.
Does anyone think this will help open the IPO window in the short term (even before the elections), or will the candidate companies still wait until after the elections anyway?
I can't disagree with the cuts needing to be done a couple of months ago. Again, politics- this gives a bigger bump.
the Russian bot, CircleTheDrain, has not been programmed to understand this simple economic fact 4 consecutive months of weakening labor market, where job creation has been below estimates
how ignorant was the false narrative, "Fed wrecking its balance sheet"? a picture is worth a thousand words, this is a graphical depiction of the Fed's asset holdings on its balance sheet.
If that's the case, they waited too long. The flip side of this conspiracy is that maybe they waited this long to give Trump a boost for the elections.
