(09-18-2024, 04:00 PM)NYC4jags Wrote:

(09-18-2024, 02:52 PM)Jag149 Wrote: By the way a big day for the Fed. Currently listening to J. Powell explain the .5% rate cut they just enacted.

And here is the cult bemoaning a .5% rate cut:

https://x.com/Acyn/status/1836490587006210471

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https://twitter.com/Acyn/status/1836490587006210471

Funny thing about Powell's speech he stated the Fed had to discount the Government's employment numbers. Basically they do not believe them as they are overstated. He actually said they have to discount them, I don't blame them as they had to recently "adjust" them a historical record of between 818.000 to 1.2 million.  The job growth being crowed about was fudge. This could have been the reason they went .5% instead of .25% as if the number were accurate they might have cut .25% in July.

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