Interest rate cuts are coming, according to the Fed's Jerome Powell

Federal Reserve Chair Jerome Powell signaled Friday that the economy is ready for interest rate cuts, a move economists have been expecting will take place in September. CBS News contributor Javier E. David has more.

#news #money #usa

[vanillatgif]

Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to crypto.

[Android-Zen]

Round 2 of super inflation next. Keep printing that money! Soon a Big Mac will be $25.

[almontoya]

Cheap money is insane. I remember someone borrowed 2M when interest rates were near 0 and he used that in the real estate. After 10 years he doubled his money and returned his money to the bank and now he has about 1.5M in cash. How to make dumb money? This is one of them. Incredible!

[ro]

All these commentators not contemplating that as money gets cheaper it starts being thrown into markets. The more money in markets the more things cost. Unless you’re all planning on forcing your bosses to give raises……JPow just gave you the middle finger.

[vinvin]

I like this guy's analysis. He presents well educated opinions.

[ralphmartin]

Is that a sure thing rate cut in september?

[rayrussell]

Do your job, Powell. Have the guts to do what Volcker had to do.
Interest rates need to rise!!!! And 15% would not be too high.
Consumers need to be more sensitive to prices, and cut back more on spending. They won't, if bank rates are too easy. Inflation will just continue to grow.

[KhawmTiti]

Hurry up..get those interest rate down. I am planning to purchase a house

[abgzulkifli]

Can the web really work with bounce and inbounds, no

[jahenry]

The time has come its almost election time and he must try to help Democrats win even if there is no way rates should be cut and Inflation is still way too high.

[Shane-bxws]

How many times has this administration raised it in the past 3 years?

[meman]

wow our gratitude runneth over. Is it just me

[Thomas_Paine]

Cool now we all get to have sky high inflation again

[meriliu]

Trump:"In my administration, USD won't be so weak lime now! Vote me & help me win 2024 election!"

[DmoneyTrinitothebone]

he needs to keep rates where they are at for 6 more months

[JM-bdml]

Political patronage in its finest hour…..Jerome Powell.

[jaym]

Woohoo! Another FED success ($$$ from poor to rich). New cycle to begin soon (after depression).

[EdwardOtero-pc]

This should have been done months ago. Any bets we'll see the first cuts around the end of October ? I don't know about the rest of you, but I've had enough MUSHROOM FOOD" to last me a lifetime !

[EricRodriguez-uugj]

The world needs a new Kingdom that serves everyone and not just the rich and privileged

[LEK-]

I believe everybody wants interest rate to be cut... Too slow process...