Surprise, Surprise...

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[AbbyPrato]

Dave Ramsey using “Sus” in its perfect context 😂😂😂😂 made me cackle! 😂😂😂

[cherylgartside]

Gas ALWAYS goes down right before election time as well.

[roguej]

As a millennial, unfortunately, sus is our kids word, not ours

[dbarless]

way to make a political issue out of an economic issue. Everyone paying attention to the economy knows that rates were due to be cut.

[TheSmokedance]

Haven't we been expecting this cut for a year now though? Why act surprised

[CreateSg]

Ramsey, the monetary policy expert, is saying that if you can reduce the interest rates now, you could have done it 8 months ago too. Wondering how did the economists miss that!

[VelvetPrince]

It's not suspect at all, we knew this was coming for months, either .25 or .5

[rogercvc]

All of the major industrialized countries have had interest rates cut.

[victoriagarcia]

The fed has an independent group of 12.

[Yooabozo]

Nothing "surprising" about this. Back in the July FOMC meeting, they told us there would be a cut in September.

[emblais]

And can we talk about gas dropping a dollar per gallon too?! 😅

[warrenbuffet]

The cut was not a surprise and has been expected all year but 50 bps was more than expected. I really don’t think J Powell is playing politics.

[danmon]

Nobody said anything when they upped the rate on Biden?

[Natetan]

Funny he speaks up on this but doesn’t speak up on that fact that Powell kept rates at 0 entirely way to long with the pressure from you know who. Which guess what? SPIKED inflation. Crickets on that one.

[collinmoeller]

It was sensible, they could have done 25 points drop a few months back, but this was overall well timed imo. They did well to wrangle inflation to the level they did when a year ago everyone thought we were doomed for a stagnation cycle. If this is pulled off without a recession it will save the future of many young working class people. The FED is just doing their job, to think they cater to either political party is silly when deep down the fiscal policies of both are similar: do what's best for big business.

[davestory]

CPI, jobs, inflation. It’s good timing

[Investingclub-rlgw]

It’s not sis, the inflation report came at 2.5% and unemployment came in higher. Lmfao you guys

[WilliamHirschi]

It's amazing on the timing of a lot more

[perspective]

His implication, however, makes no sense. IF IF IF this was being done for political reasons then it would have been done at least a year ago. I mean, you aren't going to see the effects of this in any meaningful manner until after most have already voted.

[wpev]

Surprise, surprise. Gas in my area has just magically became $2.99/Gallon. What a coincidence!