Fed Cuts Rates by 50 bps - Danielle DiMartino Booth of QI Research

[@JA-zh5xi]

We need deflation. Prices need to come down by 30% across the board. The Fed is just making the problem worse.

[@maharajamac]

Reduce money supply. No more funding foreign wars

[@Bitcoin_Gold]

@@maharajamac Joe wants send 700 million to Ukraine

[@caskaptein9889]

Agreed, the economic system is going to shit because of the FED

[@fkoffytb]

yep, hope people is ready for 100 bucks burguers by december.

[@bradleyqueen3879]

I agree, but we all know thatll never happen.

[@Dank_Matmo]

Danielle finally starting to get vindicated. For better or worse, I’m proud of her

[@gringadoor5385]

Powell has zero credibility now. 50bps reeks of desperation.

[@complexity5545]

Suck from the teat of the "Blue Democrat Overlord." Do-ith his bidding-ith. I bet somebody must also have a huge bond somewhere and the gov't doesn't want to pay the crazy return or something. Its looking like a "Sell out move." This is sad. I'm going to have to get all my family together and plan some financial fortitude moves. I wonder how they got to, cough cough blackmail, Powell.

[@LostSoulAscension]

50 basis points has always been the first rate cut, wake tf up. Did you know Greenspan did three 50 basis point cuts in a row during the 00's recession? 50 basis points was expected because it was a standard move.

[@WilliamRohner]

Why aren’t the reporters asking the question. Do you know how much money is being given to illegal immigrants on a monthly basis? And is the money given to these immigrants propping up the retail sector?

[@BobGrantTM]

As expected, the FED caved to the markets and cut interest rates by 50 basis points. Not only will this round of rate cuts not stop a cooling economy from entering a recession, but it will also turn up the heat on inflation, making the recession that much worse. Buy *gold* and *silver* now.

[@christopherdrake8406]

The FEDs main stake holder is JP Morgan. They wanted 50% cut, that's what Powell did. Now he'll cut again and again. Food prices have gone up in the past month. Gas prices are still high compared to 4 years ago. Now the mideast is blowing up. FEDs should have raised rates.

[@kenvandeburgt1232]

See Argentina, Zimbabwe and Venezuela for details of what happens when there is no fiscal responsibility at the central bank.

[@FraggileRock]

I just got fired. It’s officially a depression for me. 😢

[@davidelliott2485]

Sorry, prayers

[@BarAlexC]

Hope you can figure it out. It reeks of it everywhere. Only officials refuse to admit it. Everyone feels it, even if the more well off still spend. When the panic starts, oh boy...things fall like dominoes. It's long overdue, as they invervened in 2008 and did not let things settle. They just swept things under the rug and now have rotten. Wondering what solutions they have now...30s style hyperinflation?

[@Bitcoin_Gold]

Apply unemployment insurance which won't last long

[@mmercato7174]

I just found a new Job. But it pays the same

[@deeznuts7061]

😢I’m sorry. It’s either that or working the job of 3 people for the same pay 😵‍💫

[@666THEMARK666]

"Defied the markets" that anticipated this size of a cut??? Huh?

[@BarAlexC]

my thoughts exactly. This cut means submission to the markets and reeks of great fear and desperation. He had to raise the rate in order to defy the markets... I wonder how much are they going to print when they finally acknowledge the recession. Remember Bernanke shouting "everything is fine" while everything was burning back in 2006-2007 (up to 2008, I think). These guys only admit recession having started when there's no way to deny it any more.

[@NewCreationInChrist896]

Silent recession. Proverbs 3:5-6

[@firstnationsindian8062]

Folks, buckle up. We're coming in for a hard landing.

[@DannyHensloweGooglePlus]

Comparing Powell with Volcker is vomit inducing.

[@faithsrvtrip8768]

I'm pissed. I have a high yield savings account and am very happy to collect 5.35% interest without locking in a CD. Grrrrrr. Why are savers punished?

[@user-hh8iy6mm7i]

Which bank pays you that much I have the same but the most Wells Fargo pay is 4.6 for high yield saving account

[@endthefed_1913]

The value of your hard work is tanking in ANY savings account. Wake up and invest!

[@waasm1th543]

The risk taker deserves the reward.

[@LostSoulAscension]

Putting it all into a roth or 401k would have returned 3x the amount at the very least in the whole time the FED has had interest rates above 4%, think about that. If you're gonna save, it's better saved into a fund if you're not at retirement age, and even then, retiree's still have 5-10 years in retirement and beyond to benefit from stock market gains instead of measly bond gains. But also, if you've got a pulse on anything then you should know bond prices go up if yields go down.. But that's why its better to stay diversified because you don't just wanna go all in on every opportunity only to be too late.

[@Akuza1000]

Danielle IS 50 no way

[@jimfranklin6950]

thx, great analysis!

[@Gabber44906]

Trouble on the horizon???

[@Zhao-s1j]

The best way is to do nothing, grow vegetables and cook at home, reduce expenses, and have the least impact on you when you go bankrupt.

[@aarontaylor2906]

Scary times! 😢

[@trentdigby1330]

A financial lady I can dig. Niiiiiice

[@a4Audi2153]

Get ready for a depression, Jesus Christ is king!

[@Solitaryman70]

❤ Danielle that hair conditioner is working Girl ❤…….

[@GreenNutGuy]

Danielle, you look stunning!!

[@mayoversand2837]

I laughed when powell said near zero rate days are over.

[@complexity5545]

Holy crap - that 2.9% saving account % is bad with the ~123% spending. Dang.

[@mikekorn6968]

:42 its a good thing if you like inflation

[@prismgems]

The rentiers are salivating.

[@southeastfilm]

I've been saying unemployment will be over 5% at the end of October. We're in a recession but no one wants to admit it

[@Henryben-l9i]

The Fed is undoubtedly responsible for the present catch-up efforts, as they were first too slow to control inflation. The pandemic, supply-chain issues, are all contributing reasons to the impending inflationary perfect storm. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...

[@Gabber44906]

TLT???

[@bostonfrank6739]

I own a bull bond etf

[@Gabber44906]

The economy is going to do what it will do. Consumer may be spending. LOOK AT credit card debt. Spending yes, not able to afford the spending!

[@fkoffytb]

How much the inflation will go up because of this 50 points is the real question. 🤣

[@jwkprod9540]

Jerome Powell is the new Arthur Burns

[@joshuaburns3167]

He defined the markets on deflation but not when the risk was inflation 😂😂😂 scam artist

[@re8746]

This is squarely on Biden / Harris. Folks, you need to pay off your debt and no spend any money. Pay off / down that mortgage, get rid of that car note and carry no credit card debt. Inflation is going higher because of this. Those out of debt sleep better.

[@ImRickSanchez]

She looks nervous

[@Gabber44906]

No she doesn't

[@endthefed_1913]

Looking HOT on national tv girl!!

[@anthonymancuso8055]

THIS A GOOD THING! WTF SELLOUT DECIEVER!

[@lioncross7]

Is it 1995 or not!?

[@Bitcoin_Gold]

I was making 80k and economy was great

[@Stack4Life-yq9hw]

Whatever you do just don't mention gold breaking all time highs over and over and over again.

[@NoMoreLibs]

DD just oozes come hither vibes.... Yeah, markets are screwed too. Got....everything but paper?

[@bobz4968]

Tell us how you stay so slender.

[@artemishumaan6984]

Should be talking about the 47 trillion dollars that boomers have in retirement savings and investments. All those other recessions mean nothing if the old boomers are in the “I’m going to spend before I die” mode and goose the economy with “end of of life” spending. Covid was a wake up call and personally I’m seeing people in their 60-70’s dying early as opposed to the depression era generation of 80’s. Also, this tail end of boomers are the largest group of the boomers hence increasing amounts of retirements and possibly retirement spending. Need I remind everyone about how greedy and un-conservative boomers are about spending money when they have it. Gen z and millennials have no money to spend but boomers have plenty.

[@Prime-wb7tq]

All politically motivated! As if November isn’t days away..🤦🏽‍♂️

[@nevagunter3305]

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[@williambennington-w]

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[@nevagunter3305]

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[@williambennington-w]

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[@robyurkanin4232]

I’m losing faith in Danielle. How convenient gas prices below 3 and now interest drop below 5….60 days from an election. Economy is booming and they are cutting rates with inflation still above norm!

[@bostonfrank6739]

Oil & gas prices always go down when the economy is entering a recession. T debt rates have been dropping since April, now the fed is cutting. What is wrong with that?