50 basis point cuts really only happen in emergencies: Financial expert

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Strategas chairman and CEO Jason Trennert reacts to the Federal Reserve slashing rates ahead of the election on 'Maria Bartiromo's Wall Street.'

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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*Get Biden Harris out of office. Trump can clean up the mess they seem so proud of. Trump🇺🇸2024*

federalistpapers
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*The US economy has been in emergency mode for families for 3.75 years already.*

federalistpapers
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Too bad Powell and grandma yellen can't just tell the truth to america people

gnkyiri
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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?

kurtKking
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In a strong economy rate cuts are not necessary . Cuts this large are a signal that something is seriously wrong . Especially when the Fed signals even more cuts are coming this year, not good .

dbrewu
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Hundreds of Lies are needed to Hide one Lie.

krishnendunayek
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The real irony is after he's re-inaugurated next January literally the next day there will be media headlines about the "Trump recession."

jaysonj
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Kabama IS the national catastrophy! DJT/JDV 2024!

breakawaymotorsports
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Manipulating market numbers does not make it true. Is just numbers on paper.

Schneiw
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Always watch what the Fed does. Not what they say. The economy is in big trouble. Hence, the 50 basis point interest rate drop. The Fed is trying to get ahead of rising unemployment, declining manufacturing and sales, rising credit card debt, negative savings rate, high inflation, high gasoline prices, etc., but risks hyperinflation.

gordongekko
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The markets booming & people are starving on the streets. Go figure. Trump/Vance ‘24.

snapfinger
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Yeah - the emergency is Harris falling like a wrecking ball in the polls.

RedEyeC
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Price of homes keeping borrowers unqualified not rates.

Laughateverything
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The EMERGENCY is called: Kamela Kastro

lizzieb
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Typical of the government believe what we say, not your lying eyes

CrystalGal
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The economy is in the worst time for working People. I am truck driver for 26 years and in the last 2 years a lost 40% income and now my Company delate the Payment to the Driver. Because don't have cash flow.

damasobernabe
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Rate cuts dont matter at this point. Helps Credit Cards and some Mortages but does Nothing for the Super Market or Groceries! Meant only to Give media positive talking points for Kamala Harris, during an election! 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

adorabledeplorable
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When a million jobs produced is erased as a “discrepancy”… 50 basis points is meaningless.

Neilxtc
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The Federal Reserve needs to be abolished

bbbnick
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I paid $6.99 for a box of Great Grains Cereal the other night and that was ON SALE. I can't image paying 10.99 in the near future, or more ...

IsaacCline-ruls
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