Jerome Powell speaks after Fed cut interest rates by 50bps

[@auboisdaline]

Honestly, this situation makes me uneasy, especially with the Fed cutting interest rates by 50 bps. It's a sign of deeper economic concerns, and I'm unsure about my $130K investment strategy given the potential for not just a recession but possibly a depression.

[@barquie]

I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.

[@petecorda]

Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.

[@phuc2583]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.

[@petecorda]

Her name is Bonita Jeanette Rodriguez. You can easily find her information to arrange an appointment.

[@phuc2583]

Thanks for sharing. I searched for her name and found her website. I reviewed her credentials and did my research before contacting her. Thanks again.

[@benjamindavidson22]

The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.

[@carolpaige2]

navigating market volatility can be challenging, it might be beneficial consulting with an advisor to provide personalized insights based on your specific situation and financial position

[@Johnlarry12]

No doubt, getting proper financial advice is invaluable, my portfolio is well-matched for every season of the market and just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

[@frankbarnes22]

I’ve been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

[@Johnlarry12]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@frankbarnes22]

Thank you for this Pointer. She seems very proficient and flexible. I booked session with her

[@cypresswalnuts7644]

the economy is strong but they cut rates to help the "strong" economy? Historically rates go up when the economy is growing strong.

[@PappyHab]

Your obviously not really following along....

[@cypresswalnuts7644]

@@PappyHab following long enough to lose everything when buying equities while the rates are being cut. Best time to invest is the first time the fed starts raising rates again.

[@PappyHab]

@@cypresswalnuts7644 ahhh....there are multiple more factors to the stock market than just rate cuts. Been there done that.

[@davidbabin387]

How do you come up with Employment Percentages? Does it include a person with 3 Part-time jobs being calculated at a 3 job increase? Or are you just calculating Full-time jobs? This is never explained from a Federal Employee, but when explained by Media, it is manipulated to show a lower percentage! Transparency is the Key, and the Feds. are never completely transparent......

[@linofierro1]

BS!!!!! More lies

[@Maintenant1]

Which part specifically

[@s0.0s]

​@@Maintenant1The part where Trump's appointee says he's helping the economy 😅

[@Maintenant1]

@@s0.0s who is Trumps appointee?

[@Qxhduifwo]

How does it feel making our money more worthless?

[@allysonmurray1731]

What world is he reporting on? Apparently he's not privy of the very high cost of things. So sick of gaslighting liars.

[@lindabyrtus857]

Tragedy is where this is headed. America is doomed without Trump. 2024 fight fight fight.

[@MD-mm1zv]

In large part because he’s the only one who understands the size (and cost) of government is a significant problem grown far worse with an offshored (missing) economy. Government cannot forever supplant a weak private sector. What it spends it doesn’t have without creating debt. Debt that’s become very expensive, and will eventually consume every tax dollar taken in. And anyone willing to buy our bloated debt won’t do it without a substantial return required. Without a real axe to government’s size, and the end of deficit spending…the Fed will ultimately not be in control of interest rates…

[@mitalidavid2325]

Isn't this supposed to b good for the American people? Oh wait, you are a MAGA sympathizer but that won't change the fact that the chairman of the Fed is a trump appointee.

[@JerzyNowak-2828]

I think lower interest rates may lead to inflation coming back. Lower rates will likely weaken the US dollar. I think that market expectations should rather not dictate the conditions whether to cut or not.

[@alejandramariani-g3o]

OK with inflation rates what about rising prices?

[@Allin1-gx6oj]

Its kind of signal for big crash because they are worried to therefore they cut 50.

[@Sharald-c8b]

So if your not selling more goods or hiring more employees. Just selling your product at higher rates that's good stable economy in the FDR eyes? Smh

[@Jackson-l3r]

"My name is Jerome Powell, and as Federal Reserve Chairman, my only role is to take a little from each of your fiat wages. It's how the system works. We print credit out of thin air, and in return, your hard-earned money quietly loses its value, siphoning your wealth one dollar at a time. This is the truth I am too cowardly to communicate with you all."

[@s0.0s]

"the US economy is fine if you talk to actual business people"

[@taylorrademacher8931]

I literally don’t believe what he is saying lol

[@davidbabin387]

You're a LIAR! I do not see prices coming down. I am a Retiree, living on SSA only. I can only make ends meet if I research lower prices on all my liabilities. Prices are not down, if you think that, you are out of touch with reality!!!!!!!!!

[@baileys3591]

😂

[@zuse8831]

Prepare for our next 2008 housing market

[@JerzyNowak-2828]

I hope that Trump will fire Powell and that his administration will reverse the rate cut decision!

[@mrchad97z49]

The market close down today of the rate cut. I guess the rate cut was already baked in. Not only that, if those who baked it in previously, and now the market didn't go up, then I guess it did no good to count on the market going up

[@Elizabeth-mo3fv]

what a crock of crap! who wrote that garbage? the economy is STRONG overall, what plant is this guy living on. ridiculous

[@MD-mm1zv]

Crows about inflation down a bit. Actually, a weak economy has become more important than inflation. No one lowers rates in a strong, booming economy. Of course, neither he, nor the democrats, dare discuss the baked-in inflation now accumulated over this lousy administration. They’re not giving anyone a 30-50+% discount on common goods and services to offset recent inflation effects…are they? And what’s happened to the consumer’s purchasing power in that same time? They’re not going to talk about that either…

[@davegray8451]

I take the Fed's ability to manage the minimal tools they actually have to affect nuanced control in attaining their "two" goal ballance of neutral. I've witnessed their collective wisdom generate tone deaf resistance and later whip-saw knee jerking. So this time the fact they've apparently fallen victim to neither, lets just say thanks and keep up the good work. Take the rare and no doubt momentary win! The job is the very definition of journey, as their is no actual point of destination.

[@alejandramariani-g3o]

what did you all get from this lengthy brief?

[@teresaislas5592]

He's lying he's being political and he's lying

[@alejandramariani-g3o]

so inflation is lower but lookout for job loss? that what i just heard

[@esah9182]

What would you have said if this happened during Trump's precidency? SO; Dems are Making America Great Again and fixing Trump's mismanaged economy. Vote 💙

[@JerzyNowak-2828]

❤ TRUMP 2024! ❤

[@aaminaapdi5535]

👎

[@dekzzx]

what a joke

[@michelletran5433]

Liar

[@teresaislas5592]

He's playing stupid so therefore he is actually lying we got a lot more people here that's why the spending side of it is fine but I'm telling you right now if you don't f****** lower these prices it's going to be a bloodbath

[@alejandramariani-g3o]

are the 10,000,000+ migrants being considered in your job numbers for unemployment rates?

[@MD-mm1zv]

Exactly. Notice, NO one is talking about the huge BLS revision at the end of August. Nearly a million no -existent (but once heralded like they did) jobs went…oops.

[@s0.0s]

So you're saying unemployment is even lower? 😂

[@erymunanda]

Yy

[@BensonLynn]

7451 Estevan Mount