Powell indicates further rate cuts, but insists the Fed is ‘not on any preset course’

Federal Reserve Chair Jerome Powell speaks at the National Association for Business Economics.

[@AnnaWoods-rm7cf]

A 50 basis point rate cut is in order, inflation is a killer for the middle and lower class. Monetary policy decisions should prioritize economic stability for the working class, not cater to wall street’s big boys and politics.

[@TonyRiley-qb7sw]

My concern is where we will begin to see the effect of these cuts, is housing going to follow suit? I missed out on my dream home during the pandemic, I am now all eyes and ears for a further decline in mortgage rates.

[@karenwilliams9653]

That will be in 2025, the mortgage market already anticipated this as early as May.

[@Donalddavies-gc9rb]

Further decline? This is the reason I had wanted to refinance in the 1st quarter according to our budget but my spouse likes the space and the pool. If I go ahead with the plan, I will have over 200k to put in a HYSA as I had initially intended, seeing stocks are very volatile these days and the bond market (10Y) is pricing in the effect of rate cuts by ticking upwards, is it a good time for an average joe to get into the financial markets?

[@SamanthaSanchez-sj5el]

Consider consulting a financial advisor to protect your retirement savings from inflation. I personally saw my portfolio grow from $750,000 to $1.2 million in 3 years, saving $23,000 in taxes and earning $45,000 in dividends, despite 2.5% annual inflation. A financial advisor can help you rebalance your portfolio, optimize retirement income, and develop a tax-efficient strategy to safeguard your future.

[@Donalddavies-gc9rb]

Who's your financial advisor? how do I get in touch ?

[@brianwhitehawker1756]

Some experts think the fed decision could boost certain industries, while others warn it might increase inflation concerns. I'm reviewing my $600K portfolio allocations and I'm curious about strategies to respond to these potential sector impacts.

[@lucaswilliams9992]

Increase exposure to interest rate-sensitive sectors like REITs and utilities, and maintain or slightly increase holdings in growth sectors like technology and consumer discretionary. For tailored advice, consider consulting a financial advisor.

[@Jadechurch-ql3do]

This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far

[@yeslahykcim]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

[@Jadechurch-ql3do]

“Lucinda Margaret Crist” 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

[@BrettaANordsiek]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@Vivienedouglass]

The belief that the Federal Reserve would stop raising interest rates was the driving force behind the entire economic chaos. What should we do now that we have a situation where interest rates are crashing? At this point, how would you suggest that I safely allocate $300k?

[@AmithKaury]

Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.

[@rachelonigirl]

Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.

[@Monicamonasky-]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@rachelonigirl]

Her name is. TRUDY ELIZABETH STOUFFER . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Monicamonasky-]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@Sandralopez-pw6ld]

This is a joke right!!! He knows nothing , people are struggling having to work 2 or even 3 jobs & not even able to see their family. The rich wants to get richer so the poor get even more poor than they already are. These corporations are full of greed it's sickening .

[@thomaswilson7441]

Jerome thanks for your efforts and your hard work and all the Federal reserve governors and their boards and let's not forget the contributors and the advisors

[@anthonydooley3616]

2:37 supply bottlenecks have eased, but we are about to have a port worker strike. That will be a big supply bottleneck.

[@jhacksb1399]

Must be a presidential election year… Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.

[@natico-w812]

good move by Powell

[@maricel4083]

Sabihan ang mga bansa atty Powell na yang binigay natin na loan pp ngayong September 2024 frm federation po. Habang dipo nag laps ang taon nito mag bigay sila sa utang nila sa America asset na loan po para di idagdag nanaman sa cooperative. Yung utang nila sa loan yan ang babayarana nila pakonti konti po para di po matambakan. Kasi habnag di sila nag babayad kada 3 yrs nagpapalit sila nang management sa local kaya po mahirap puro utang sabihan po mga bansa maging responsible po sa pera wag puro nakaw ang gawin sa pera nang tao at pondo

[@bestofsatish]

Inflation was defeated a year back. Just like he was slow to raise rates, he is slow to cut interest rates. Expect Interest rate to fall to 3 handle by mid next year

[@lonzothekidd7019]

is that a bad thing?

[@gio5898]

Everything is solid Riiiiiiight. Why cut 50 then. Who cares about the little guy and inflation, certainly not the policy makers.

[@RoganJoeExperience]

Does it bother anyone else he doesn’t know this info off the top of his head? ❤

[@ThorTheOdinSon]

he has hour long conversations with all the info regularly lol. in fact this clip is right before a 45 minute one.

[@RoganJoeExperience]

@@ThorTheOdinSon right ❤️

[@chatgpt-n8r]

rubbish

[@SbusisoMaduna-xc1xj]

😢

[@stevelee9253]

Just shut up and announce it on the date. FED TALKS TOO MUCH. SHUT UP, jesus...These guys try to drive the economy with their LIPS. MARKET MANIPULATION!!

[@gio5898]

Everything is solid Riiiiiiight. Why cut 50 then. Who cares about the little guy and inflation, certainly not the policy makers.