Feds set to cut interest rates for the first time in 4 years

The Federal Reserve is expected to reduce interest rates for the first time in four years. It could have a huge impact on everything from housing prices to credit card debt.
abc7.com/post/...

[@giftedgreen2152]

Who would’ve guessed Democrats would lower interest rates right before the election?

[@mg-by7uu]

Must be nice to actually believe politicians make these decisions

[@giftedgreen2152]

@@mg-by7uu what’s the over/under on how many more times they try to shoot Trump?

[@giftedgreen2152]

@@mg-by7uu I bet you think Trump’s shooter isn’t a democrat.

[@ciello___8307]

The fed chair is the same as the trump admin… but yeah, go on blaming democrats for everything

[@3RScollector]

@@ciello___8307 who do we blame? are you a sheep? Stop believing everything you see on tv

[@andyhughes1776]

Not so fast. Everytime the Feds cut rates after a long period of raising it, the economy tanks - recession! Let's see if it will happen this time.

[@picanha694]

depends of how deep the cut is .25 will suffice.

[@mg-by7uu]

yep. Why would they cut rates if everything was going fine? For fun?

[@juelzd7172]

“I’m from the government and I’m here to help”

[@MrProTechHD]

Federal Reserve is not the Federal Government

[@pfflyer3381]

It's a federal agency! And a republican is it's chair, what's your point! Btw, Garland and wray also republicans! Something you never see in a republican administration, democrats runing agency's!

[@lindabriggs5118]

This is partly good news, BUT!...The housing cost is too darn high! Its ridiculous. When I first moved to North Carolina, a nice 3bd/2bth home would usually sell at 99k. Now that home. Almost 20 yrs later, that same home gets listed at around $300,000+.😮

[@youdontKnowshhs]

Tell me about it . Where im at minimum house is 1.5 million 😢... And it's barely 1200sqft..

[@SpookyFow]

To the economic illiterate, this is not a good thing. QE (printing and spending money)+ Interest rate cuts = Bad. Time to start pulling your money out of the market and paying off debt and buying gold.

[@picanha694]

gold will go to 3k before 2025

[@SpookyFow]

@@picanha694 If we make it to 2025.

[@eddieg6436]

High interest rates are GOOD if you have PREMIUM DEPOSITS, no credit card debt, no car loans, and your home is PAID OFF!! 🤷🏼‍♂️😎🥂

[@theantiqueactionfigure]

Feds expected to lower interest interest rates for the first time since Trump left!

[@lemontadams3029]

It Starts This Week...the Largest Currency Devaluation Cycle in History A central bank cannot just “cut rates” without also causing the currency to lose purchasing power

[@Americafirst-i8q]

Doesn't matter, everything still costs way to damn much.

[@Dirge_For_November]

Governor Newsome has outlawed parody this week. The shell of a main has no brain. Democrat Super Majority strong.

[@CaliforniaMISC]

Increase rates too much Covid money in system

[@onlymebaby.9249]

Whaaaaaaaat? No way!

[@pfflyer3381]

Gee. Just in time for tump to take credit for. How convenient with a republican as the fed chair, doing it now? Make note of his last sentence, After November! More cuts or not?

[@MrHollowpoint140]

Fed is ALLN IN with the DEI Ho' and Tampon Tim.