What Does the Fed Interest Rate Cut Mean for You?
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- Опубликовано: 1 окт 2024
- The Federal Reserve lowered the interest rate for the first time since 2020. Jeanna Smialek, a reporter covering the Federal Reserve and the U.S. economy for The New York Times, explains what the half-percentage-point cut could mean for the economy, politics and you.
Read the story here: nyti.ms/3XyyWdW
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Means a LOT to me, my CD rates are going to plunge.
I have no debt [no credit cards, car payments, personal loans, mortgage, etc.], I don't pay anyone to borrow money, and it's clear being a saver is anathematic in this environment.
As a fellow saver I can tell you the market does not like that, they want you maxing out on debt so you can buy as many products as possible. Stay the course!
It's been so nice this past year or two having CDs as a viable savings option. i.e., good return, essentially no risk. *waves good bye*
@@damatar sadly, you're spot on🎯
Me me me me. The Fed is balancing between taming high sticky inflation amidst reflationary pressures and not hurting the labour market.
Bring on the gains!!! 💪 😂
Mention that 'This target is the rate at which commercial banks borrow and lend their excess reserves to each other overnight'
The rising
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.
That makes sense. Unlike us, you seem to have the market figured out. Who is your fiduciary?
Zachery M Demers is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
Higher prices and a recession
UBIの件で低評価押しておきました
this fed did cut for the current admin cause they are in trouble and loosing to Trump.
Inflation is the enemy
Inflation is caused by the Fed setting the price of money when it has no idea. Even Keynes never thought of this full government control over spending and interest rates and was only to be used IF AND ONLY IF the economy got itself stuck. That means, they'd increase government spending and forced lower rates ONLY WHEN the economy was locked up and in decline and people refused to spend, but was to be returned to market pricing during the 95% of the time when the economy is moving along just fine. The US federal government is our death, our worst rulers, and our greatest loss for ourselves and generations to come.
@@homewall744 WTF doyou think the fed does,they don't have any power they didn't have during keynes time.
@@homewall744 where did you get your mba at.
Dayum 🤩
Better mean a higher COLA for the incoming avalanche called inflation
I thought inflation already happened
@@YarrBr0 Then why are they dropping interest rates at 50bps?!
I’m not borrowing any money any times soon, but if I do it will be cheaper. All I know is that my stocks are at an all time high 😃
it means nothing to people outside the US, you're taking debt on our expense without our consent, and that's the end of the story.
Bad for the dollar, good for gold
the truth is, it doesn’t mean anything to me
If you have dollars, it means you will be poorer soon enough.
@@homewall744 how ? If he has debt it will be cheaper
🙂
Means a LOT to me, my CD rates are going to plunge.
B a s e d
What's with the cheesy background music to accompany state propoganda?
"state propaganda" lol
Thank you!
ok
It means they want you to go into debt and not save. That's the actual American way when you let rulers set prices by central planners and allow it's own ridiculous debt spending levels to grow ever faster, but keep their interest payments "a bit" lower.
Who tf is 'they',the FED is an independent institution from the federal goverment and even if the interest rate was supper high the us goverment cannot go bankrupt,if you want a recession because everybody spend half of their income paying their flotting morgage then don't pretend you understand the issue.
People just gotta stop spending their credit cards lol. But I guess it’s the American way
Quality content 👌
What a tricky course to navigate. We don't give the Fed enough credit on the tremendous job they did bringing inflation down.
But they still have a lot of work to do
Prices still high in the store. Fed lies to you! Adding to people's debt is never good. Fed is just looking to steal as much possible, without crashing the system. Nothing was wrong with the lower rates. Other than banks were less profitable.
Is it good for my stonks?
IT MEANS NOTHING WILL CHANGE PRICES WILL STAY HIGH AND KEEP GETTING HIGHER BIDEN HAS GOT AMERICA INTO A DEPRESSION HE WILL REAP WHAT HE HAS SOWED
Thanks for letting it be known how clueless and brainwashed you are.
There is no depression the lowering* interest rates show a country doing really well. The best jobs market since the 60s. Manufacturing brought back after the closures in trumps first few years. Many other countries have also lowered interest rates in the last few weeks.
The economy has world wide causes as well as local good governance.
Same with the war in the Middle East. Why does Biden not doing anything?
How stupid is that question.
Many other European countries are working with the US on getting a deal done. With an extreme right wing leader in Israel he has his own agenda and thirst for total power.
It means nothing the banks have no money to loan out. Your credit score means nothing either.