FED Cautiously Lowers Rates Amid Easing Inflation and Labor Market Conditions \ stacker news ~econ

FED Cautiously Lowers Rates Amid Easing Inflation and Labor Market Conditions

220 sats \ 9 comments \ @TomK 7 Nov econ

The Federal Reserve has announced a 25 basis point reduction in the benchmark interest rate, lowering it to 4.75% from the previous level of 5%. This move is seen as a cautious step towards balancing the risks to the employment and inflation goals.

In its statement, the Fed acknowledged that inflation has made progress towards the 2% target, but remains somewhat elevated. Notably, the central bank also indicated that labor market conditions have generally eased, with the unemployment rate having moved up, though it remains low.

The Fed's decision reflects a measured approach, as it aims to navigate the delicate balance between supporting economic growth and maintaining price stability. Analysts suggest this adjustment signals the central bank's confidence in the gradual improvement of economic conditions, while remaining vigilant about the lingering inflationary pressures.

The Fed Statement: https://www.federalreserve.gov/newsevents/pressreleases/monetary20241107a.htm

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47 sats \ 0 replies \ @TheWildHustle 7 Nov

What a clown show. These are the weather predicting shamans of our age.

The people ask if it will rain, and these guys consort with the wind spirits.

47 sats \ 4 replies \ @Rothbardian_fanatic 7 Nov

Did anyone think the FED was not a political organization? This nicely helps the incoming administration when Powell is looking to get reappointed. I would love to see the FED get the Ron & Rand Paul treatment that they have earned themselves. They are owned and work strictly for the banksters and nobody else.

30 sats \ 3 replies \ @TomK OP 7 Nov

Even the idea of setting interest rates or the price of credit is crazy

47 sats \ 2 replies \ @Rothbardian_fanatic 7 Nov

Yes, indeed, very crazy, but they do it. This is a great demonstration of the difference between the political means and the economic means. Powell and his masters, the banksters, are doing this through the political means to rip everybody off. Letting all of the people set the interest rate by supply of savings versus demand of loans would arrive at a natural market clearing rate of interest.

20 sats \ 1 reply \ @TomK OP 7 Nov

When I hear the words 'neutral rate' out of the mouths of these parasites I could puke every time

0 sats \ 0 replies \ @Rothbardian_fanatic 7 Nov

They are indoctrinated, trained monkeys out of the current “high level” university systems. They have no idea what the meaning of “neutral interest rate” really means. I discount everything they say. Of course, I also have a personal reason for this!! I lost a lot of money one time because that f*cker, Greenspan, changed interest rates suddenly, thus causing margins to change, thus not being able to meet margin calls, thus having to liquidate at a huge loss.