What the latest economic indicators mean for Fed rate cuts
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- Опубліковано 1 жов 2024
- Stock futures (^DJI,^GSPC, ^IXIC) are in the red as investors digest this month's Gross Domestic Product (GDP) report, which fell below estimates. CFRA Research Chief Investment Strategist Sam Stovall joins Morning Brief to discuss how this GDP print could affect the Federal Reserve's next interest rate move.
Stovall notes that the GDP print is not nearly as important as the Personal Consumption Expenditures (CPE) report that will be released on Friday. The CPE print will provide a clearer picture of the impact of inflation on consumers, which Stovall adds is the most important factor as consumers make up about 70% of the overall economy.
He predicts the earliest rate cuts from the Fed could be in September, but it may be unlikely: "We have been saying for a while that we thought we'd get two cuts this year: September and December. But I would tend to say that we are becoming less confident about the start in September, so certainly a concern that investors have to deal with right now."
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Economists collect a lot of data, but they cannot analyze it correctly at this time. They will leave it to archeologists!
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Stagnation
Q2 Data is required.
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Another "strategist".
Wait...when are they planning to revise the figures? It’s become their customary ritual these days, hasn’t it?
Only Trump can bring the faster and huge rate cuts
It has nothing to do with trump. Rates are sent by FED not by the president
@drscopeify , Trump will fire Powell, he said it
@@Freedo1234 Trump won't do that, there is a very good reason why central banks and the Governments are separate as politicians have incentive to always see stocks go up and high employment but that leads to inflation and prices going out of control like Argentina and Turkey so Trump will not do that he will let Powell do his job
Cut rate now , God Damn
😮😮😮 good 👍 Yes 🌹
Now reduce the interest rates now. Jesus can't even buy a car . Credit card interest eats the whole paycheck
Cuts in rates wont work unless you want a recession
The only thing that’ll cause a recession right now is rates *NOT* being cut. They’re too damn high, we all burning from the inside!!!
I'll take a recession at this point.
10x with AMS160X anyway
No comment
Fed rate cuts just make the rich richer and the poor poorer while the only proven way to effectively and permanently deal with inflation is for there to be a permanent return to the Office of Price Administration (OPA) system of prices controls that was successful during and immediately after WW2 when it came to being able to tamp down the greed/avarice of corporate America during that era which greed/avarice is the usual, not the only, but is the usual root cause for inflation. Despite the success of the OPA system of price controls it was done away with after the war by that era's corrupt, incompetent Congress over the objections of President Truman.
WELCOME TO THE MAFIA STATES OF AMERICA!
You dont understand do you, you have it backwards.. Interest rates make the poor more poor because Its a hidden tax. Reckless fiscal spending is also what makes the poor more poor through inflation. The rich get richer by inflating asset prices by buying assets with worthless paper called the dollar. Thats why they trade dollars for assets while the poor just spend their money on everything they ever wanted.
There should be no
Interest rates at all to use out own money. If America can issue a bond it can issue a dollar. But the issuing power of americas money which is debt is in the control of a privately owned central bank.
@@Paper.Power.Politics In the first place, and as was recently publicly acknowledged by Fed Chairman Powell, the Federal Reserve Banking system is both publicly and privately owned by mandate of federal law and the Fed is accountable to Congress. Secondly, there is no 'debt' involved when we electronically generate we the peoples' $s since we the peoples' electronically generated $s are quite impossible to borrow or payback, for that matter, thus there is really no such thing as a "national debt". You, my friend, have been 'conditioned' which is a polite way of saying that you have been brainwashed.
@@oscarwindham6016 wow. whatever you say buddy. 😂
@@Paper.Power.Politics No, it's not like that, but rather it is really about you taking my words to heart and then doing your due diligence to confirm or disprove what I said. Someone else has posted on their Equity Spending UA-cam channel my nine videos that are the only contemporary documentation of this transitional period from tax and spend to "spend", as in there soon being zero federal tax revenue $s going into our U. S. Treasury, only we the peoples' electronically generated $s going out. You might want to start by viewing video (9)?
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We need a recesión
how old are you? if not retired , can you go through recession when you are let go from your job?