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The Fed is poised to make the first rate cut in a while, either a traditional .25% rate cut or a more dramatic .50% rate cut. It’s a bit of a double-edged sword…a .50% is typically used when an economy is in trouble, and the expectation is that it will be followed by another .50% rate cut.
And our economy is not doing well. The jobs data has been revised. Stock futures are pricing in the large rate cut, which is now a coin flip.
https://www.wsj.com/economy/central-banking/fed-interest-rate-cut-size-861c9600
One point of interest…President Obama enjoyed the benefits of a 0.25% Fed rate during the first seven of his eight years, unprecedented in American political history. Trump, on the other hand, fought seven rate increases, one every quarter for his first two years. And then, when Biden got in, Biden enjoyed (this is not a typo) a 1.5% decrease almost immediately A 150 basis point reduction, and he still crapped up the economy.
Federal Funds Rate History 1990 to 2023 – Forbes Advisor
Audaces fortuna iuvat
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It has long been forgotten that the economic progress under Trump was achieved against the backdrop of fed tightening.
it’s just like how the executive progress made on regulation and red tape was done despite all of DC screaming bloody murder about Trump “chaos.”
The only type of person who will stop the current train to oblivion is a totally unreasonable iconoclast. It’s the kind of guy that pisses everybody off with stupid outlandish stories that happen to be true.
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Sic transit gloria mundi (so shut up and get back to work) -
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