Establishment media seems to be predicting a 50 basis point cut to the federal funds rate.
According to the fed and the government things are better than ever before, record low unemployment.
So why cut? If anything if you believe the government lies then interest rates should be shootint way way up! Unemployment being so good, everything's being so fine, you might hold but you certainly wouldn't cut... If you believe what the government and the FED have to say...
So why are they calling for a 50 basis point cut? Could it be that they're just not being entirely honest with us?
According to the fed and the government things are better than ever before, record low unemployment.
So why cut? If anything if you believe the government lies then interest rates should be shootint way way up! Unemployment being so good, everything's being so fine, you might hold but you certainly wouldn't cut... If you believe what the government and the FED have to say...
So why are they calling for a 50 basis point cut? Could it be that they're just not being entirely honest with us?
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The scary part is despite higher interest rates debt has been soaring because households are so badly in distress from the cost of living increases.