rainman + 263 July 10, 2019 Federal Reserve Chairman Jerome Powell said Wednesday that “many” Fed officials believe a weakening global economy and rising trade tensions have strengthened the case for looser interest-rate policies. Delivering the Fed’s semi-annual monetary report to Congress, Powell sent the strongest signal yet that the central bank is ready to cut interest rates for the first time in a decade, possibly as soon as the July meeting. Powell said that since Fed officials met last month, “uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook.” Meanwhile, inflation has fallen farther from the Fed’s target. Many investors have put the odds of a rate cut this month at 100%. The Fed’s benchmark rate currently stands in a range of 2.25% to 2.5% after the central bank boosted rates four times last year, moves that brought increasing attacks from President Donald Trump 1 Quote Share this post Link to post Share on other sites
pinto + 293 PZ July 10, 2019 Why? Because business investment in U.S. has slowed notably as a result of the trade wars. The hope is that low interest rates will spur the faltering economy. 1 Quote Share this post Link to post Share on other sites
joze44 + 39 HM July 10, 2019 Is he doing it because of the president Trump always talking about rate cuts? 1 1 Quote Share this post Link to post Share on other sites
50 shades of black + 254 July 10, 2019 It’s outrageous that the Fed has been politicized in this way. Quote Share this post Link to post Share on other sites
Pavel + 384 PP July 10, 2019 God help the world when the next financial crisis hits. The central banks will have no ammunition to deal with it the next time around..... Quote Share this post Link to post Share on other sites
ThunderBlade + 231 TB July 10, 2019 Globally as well as here in the US, inflation is falling, meaning the real rate is going up. Fed. chief needs to wake up to this fact and cut rates to compensate. But, I'm afraid that this way of rates deceleration is example for possible disaster Quote Share this post Link to post Share on other sites
rainman + 263 July 10, 2019 The Fed will take us into a recession by succumbing to the pressure to cut rates... 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 July 10, 2019 9 hours ago, pinto said: Why? Because business investment in U.S. has slowed notably as a result of the trade wars. The hope is that low interest rates will spur the faltering economy. What faltering economy? 1 Quote Share this post Link to post Share on other sites
JohnSmithKalk 0 J July 11, 2019 (edited) No doubt the US economy has shown a sluggish movement recently after the trade war. Just after Powell's, announcement Gold climbed sharply on Wednesday settling at the highest since July 3. Commodities such as Gold Stocks, mining stocks, oil stocks are something to keep an eye on. Quote Dow Jones Ended in Green: Corporate Earnings Need To Be Focused Upon - Source : Kalkine Media Edited July 11, 2019 by JohnSmithKalk Quote Share this post Link to post Share on other sites
BigJets + 87 JB July 11, 2019 21 hours ago, 50 shades of black said: It’s outrageous that the Fed has been politicized in this way. The Fed is a political tool. Abolish the Fed. Quote Share this post Link to post Share on other sites
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