I hope so because I’ll look like a genius. Last month I told my boss during a meeting with a couple executives that we need to be prepared for no rate cuts in 2024. They all looked at me like I was crazy.
President Biden needs to cancel all of the student loans ASAP before this snowballs and the entire economy that he was worked so hard to revive goes down in flames.
The FED economist at a forecast breakfast I attended a couple weeks ago said absolutely no rate cuts until inflation is 2%. He repeated that a couple dozen times so I’m assuming that is the FEDs official position.
Times like this we are thankful that the Federal Reserve operates independently of political influences. Here is to hoping that they operate solely on the basis of data and to protect American economy.
Why should the internet rates go down after being at historic lows for so long?
It is amazing how many people did NOT listen to the Fed when they announce the *possibility* of rate cuts “if certain measures/milestones” were attained. Unfortunately, the Fed had to do what congress wouldn’t. It would have made more sense to raise taxes (on everyone) than to lower rates. At least if taxes were higher, people would still be employed, but low rates means limited business growth, which means layoffs and people not working. I would much rather have a job and pay more in taxes than no job.
At least we get to have interest on our savings account.
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I hope so because I’ll look like a genius. Last month I told my boss during a meeting with a couple executives that we need to be prepared for no rate cuts in 2024. They all looked at me like I was crazy.
President Biden needs to cancel all of the student loans ASAP before this snowballs and the entire economy that he was worked so hard to revive goes down in flames.
The FED economist at a forecast breakfast I attended a couple weeks ago said absolutely no rate cuts until inflation is 2%. He repeated that a couple dozen times so I’m assuming that is the FEDs official position.
Times like this we are thankful that the Federal Reserve operates independently of political influences. Here is to hoping that they operate solely on the basis of data and to protect American economy.
Why should the internet rates go down after being at historic lows for so long?
It is amazing how many people did NOT listen to the Fed when they announce the *possibility* of rate cuts “if certain measures/milestones” were attained. Unfortunately, the Fed had to do what congress wouldn’t. It would have made more sense to raise taxes (on everyone) than to lower rates. At least if taxes were higher, people would still be employed, but low rates means limited business growth, which means layoffs and people not working. I would much rather have a job and pay more in taxes than no job.
At least we get to have interest on our savings account.