Fed is done hiking and will keep rates higher for longer: Economist
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- Опубліковано 17 чер 2024
- The Federal Reserve decided to hold rates steady, marking the sixth meeting in a row in which it has done so. While some on Wall Street have argued that rate hikes were on the table, causing concern, Chair Jerome Powell put those worries to bed in his press conference after the decision.
JPMorgan Asset Management Chief Global Strategist Gabriela Santos joins The Morning Brief to discuss the Fed's decision and how it will impact the market.
Santos explains that the Fed has made a reassuring decision and should gradually move rates down: "Ultimately, I think it was a relief just to hear that hikes really aren't on the table and they had actually been priced in before the meeting yesterday."
#youtube #Fed #news
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Government's job is to print money (for Green Energy, EVs, Nation Building, Wars, etc).
FED's job is to make sure the resulting inflation is limited to "2%" per year.
Basically they want to boil the frogs slowly to avoid mass panic.
FED is doing a good job as US national debt has reached $34,000,000,000,000 with most being none the wiser.
Lol theres going to be no cuts.
Nope raise them higher
Democracy Wins as with the Economic Data.
No rate cut until 2034
Nah, 2054
he would be helping Trump if he raises rate.
Is that why Trump threatened to fire him back in 2019 if he kept raising rates🤔