JPMorgan CEO Dimon Says Fed Will Cut Rates, Won't Be 'Earth-Shattering'
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- Опубліковано 10 лис 2024
- JPMorgan Chair and CEO Jamie Dimon says Federal Reserve Chair Jerome Powell does a great job and the Fed will cut rates but "underneath that there's a real economy." He speaks at the 2024 Financial Markets Quality (FMQ) Conference hosted by the Georgetown University McDonough School of Business in Washington D.C.
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A 50 bps cut while unemployment rate is 4.2% will increase pce inflation to 3%. The Fed can't have that.
Well said mate. I am with you.
Great comment by CEO Jamie Dimon. I also do not understand why it is such a big thing on my TV screen every night. We will know tonight and I expect 25 basis point.
Don't act too fast and too far. just the right dose of rate cut is enough, say 25 bps by two times.
Well it takes many months for cuts to help the economy. You need lots of people going out and take new loans and re-financing old loans and this can take 6 months to over a year so by that time inflation will be under 2% and the FED is trying to avoid really killing inflation back to 1% as in the past, then they have to turn on QE.... They are really tying to avoid that.
Jamie - lol funny dude
Blonbering single seguro espre bimenca leoneli 500
shaddup Z I O - N I S T
Jerome is weak... Inflation is still above 2%... wtf when are the Stimulus Checks coming ?
Well when the FED cuts it takes months for the economy to react to it. Companies and people have to re-finance or take new loans which is a slow process as very few people get loans every month so you need many months to accumulate enough new loans to make a difference. So they are cutting now so that you get an economic boost in 6 months when inflation is down to 2% or even below that. The FED is trying to stay at 2%, they really really want to avoid going to 1% and then having to turn on QE, that's really not what they want.
@drscopeify the only eccentric boost I'll see is an kick in the ass.
@@PonziZombieKiller Well if you own credit cards or plan to take on a car loan or home loan then a lower rate should help. Even if you rent a house or have a mobile home or park up in an RV park and pay monthly fee, the owner of that house or land will have a lower mortgage allowing the owner to lower rent price. There is now more space to cut prices for any landlord. IN a funny way, rate cuts can also lower prices but of course the FED will keep a close watch to make sure inflation stays low and if it picks up they will have to stop cutting, so we shall seee.