Join Market Briefs for FREE and get my daily financial newsletter: briefs.co/market/jaspreet WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through RUclips comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
@@morningsalute03 Exactly! raised mine an additional 7K more. They had already raised it in January right after x-mas and then again today, I’ve never asked for it.
The rumor has been .25-.50 rate cut for the last month. Wall Street was taken by surprise? I’m a janitor in our building and I wasn’t taken by surprise. An interest rate cut is good for companies maybe the high interest rates for the last couple years has gotten rid of some companies that were crap anyways.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
In the 70's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
My concern is where we will begin to see the effect of these cuts, is housing going to follow suit? I missed out on my dream home during the pandemic, I am now all eyes and ears for a further decline in mortgage rates.
Further decline? This is the reason I had wanted to refinance in the 1st quarter according to our budget but my spouse likes the space and the pool. If I go ahead with the plan, I will have over 200k to put in a HYSA as I had initially intended, seeing stocks are very volatile these days and the bond market (10Y) is pricing in the effect of rate cuts by ticking upwards, is it a good time for an average joe to get into the financial markets?
@@joshualoh499 Trump and Vance talk about how interest rates were zero when they were in office and they are 5-8% under Biden. So I'm thinking Trump would force Powell to take interest rates back down to zero. Do you think Powell raising interest rates under Biden was a good thing?
Are we saying these prices are the new norm for life. Inflation seems to be out of control and still growing. Ex. my insurance has increased almost every bill being paid at a 6-month interval. This decision by Jerome seems to do nothing but head us toward more problems. Doesn't seem like the right time to lower rates. God help us.
@@truk5161 the problem is the floor dropped out of the labor market. Hiring is at zero and layoffs are being announced all over. Core Inflation has been back on the way up. The only reason they are cutting rates is to prevent mass layoffs... Not sure it will work.
"it could make home prices higher for people that own homes which is good" Why? Why is this good? My home isn't printing money for me, it's something I use. If I go to sell it, I have to go out and buy another home that has seen similar appreciation in value. Nobody's gaining anything here, it's just asset prices adjusting to inflation while wages continue to fall behind. So what good does my home's value going up do for me? It's great for the tax man and the insurance company though.
Apparently you have no idea how to use your home's value to your advantage. If you can make more money off of investments, you can leverage your home, or you can sell it, and downsize, pocketing the difference. And yes, the value of assets, or in your case, a liability, is considered by many to be a part of your portfolio, so an increase is a good thing. Personally, I'm looking to unload my $400k rental property, and buy something that is valued around a third as much in another state. My real estate taxes will go from around $4500 a year to under 800 bucks!
@@1timothydillon It shouldn't be about leveraging your homes value. A home is a place to live, and making it about money/price appreciation is increasing the social divide and taking away homes from those who are in need.
@@1timothydillonyou sound like you are too young to remember 2008 or you forgot what it was like. Using your primary residence to gamble is risky and probably not a great idea.
This shocking newsA rate cut refers to a reduction in the interest rates set by a central bank, such as the Federal Reserve in the United States. This type of monetary policy is often used to stimulate economic growth by making borrowing cheaper, which can encourage spending and investment. Lower interest rates can also reduce the cost of existing debt for businesses and consumers.
The labor market is in trouble. Core inflation is 0.33% m/m. Annualized that is 3.96%.. The fed is trying to prevent mass layoffs before the election. Going to be an interesting December.
@@Ravi-rl8tt, Stagflation baby. Dead labor market increasing inflation. Typically it's a couple months after rate drops like this that the floor falls out. We'll see.
It's only when it is in the hands of people trying to spend their money that it causes inflation. For over a decade, the money spigot was gushing, and the only thing all that money was doing was to pump up the stock market. Printing money didn't cause inflation on goods and services. It was irrefutably evident when supply chains were shut down, and everyone was given stimmy checks, and eviction moratoriums, then told to go shopping with all their new found money. Too many dollars, chasing too few goods causes inflation, but usually devaluing the dollar is only noticeable in the long term, and to other countries who trade in USD.
The problem that will happen now is that people with high debt will refinance their debt at a lower rate and continue to spend. So essentially we just reset and continue to accumulate debt until the next implosion.
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?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
Prices for everything will remain out of reach for most us whether it's food or a decent vacation. No matter where you are on the spectrum, we feel most pains from high prices, even with interest rate cuts. How many businesses will actually cut their prices for products and services unless demand drops ❓😢
I don’t understand why everybody wants lower interest rates, because like you just said you’re high savings account interest rate just went down. This is only good for people that are in debt. It’s so sad that our economy runs on debt, people should be saving their money only buying things with cash. If you can’t buy cash, you can’t afford it. there’s so many people out there just living lives that are not their own -living lies 🙄
The economy is doing so well, they're cutting rates. Scary. I'm actually surprised, honestly thought they wouldn't cut at all this year. I was waiting for a rug pull decision.
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
In my humble opinion, this is the worst thing they could do. I believe this will increase inflation, especially on items that people commonly buy. The interest rate needs to be 8%+ to lock down the dollars that are chasing goods and services.
If people are refinancing, they’re not necessarily pulling money out. Unless you have further data , you don’t know. Some people may refinance for lower term length and pay off their home faster. I’ve done that because I noticed that a 15 year loan I had a lower interest rate.
Many banking institutions in my area had been already slashing the interest rate on their interest earning accounts since last month. Funny how things work, huh?
Interesting how gold charts last 10 years reveal what is really going on in the economy. You can see how devalued the dollar has become. Many countries buying up gold reserves. Costco selling out of gold
But don’t they usually cut rates because the economy isn’t doing well and they are trying to soften the blow? Recessions typically follow rate cuts. If that is the case, then why would home prices go up if unemployment is going up?
Lower interest rates so that the funds will move into the financial markets. When interest rates are low it is no use putting money in the banks. Stock markets are moving to new highs. Gold moving to new highs.
People that are waiting for mortgage rates to fall are not taking in account that it will creat a bottle neck event shooting up the house prices ! Better thing to do is to buy now and re finance later! What’s the point of waiting and then paying 50% higher price on house
Inflation coming down to 2-1/2% is not a flex. Many necessities are still way to expensive. And sellers of anything are betting on the dumb to go on a spending spree.
If it's not political, don't do it 50 days before an election, that makes it look political. There was no reason to cut rates now until inflation remains stable for a year or more. This could very well ignite inflation again.
These officials are such liars! If the economy is doing so good, then how do you explain Buffet off-loading stock holdings to over 280 billion in cash?
![ATEEZ(에이티즈) - [GOLDEN HOUR : Part.2] Preview](http://i.ytimg.com/vi/X4PfgRPBUVo/mqdefault.jpg)
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Join Market Briefs for FREE and get my daily financial newsletter: briefs.co/market/jaspreet
WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through RUclips comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
she's mostly on Instagrams, using the user name
fxBROOKE7 💯❤.. THAT it
My credit card company raised my credit limit this morning. I guess they think I will want to go on a spending spree. No
Best time to apply for more credit lines to boost your score 💡
Lemme guess, it's not Capital one.
@@Ashish1984 Nope it isn’t.
Same to me. Raised it 5k I don't even run up the card to 400 bucks. I didn't even ask for it.
@@morningsalute03 Exactly! raised mine an additional 7K more. They had already raised it in January right after x-mas and then again today, I’ve never asked for it.
so they are admitting the economy is crap
They were aiming for that! That was on purpose and now they are reversing it. He’s been trying to explain it
No its stabilizing
This is the reaction from the Fed cause of Bidenomics.
@@Cbrmansc77 -right
Basically
The rumor has been .25-.50 rate cut for the last month. Wall Street was taken by surprise? I’m a janitor in our building and I wasn’t taken by surprise. An interest rate cut is good for companies maybe the high interest rates for the last couple years has gotten rid of some companies that were crap anyways.
It's not the interest makes me not to buy...its the asking price
EXACTLY ‼️
You can't even spell interest. Hush.
@@frankstudent ah what a mistake you clever egg😃..so obvious I pressed the wrong button as the r is next to the t on the screen but it's ok🥳
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
In the 70's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment
This Fed's decision shows a commitment to economic stability over Wall Street interests.
My concern is where we will begin to see the effect of these cuts, is housing going to follow suit? I missed out on my dream home during the pandemic, I am now all eyes and ears for a further decline in mortgage rates.
That will be in 2025, the mortgage market already anticipated this as early as May.
Further decline? This is the reason I had wanted to refinance in the 1st quarter according to our budget but my spouse likes the space and the pool. If I go ahead with the plan, I will have over 200k to put in a HYSA as I had initially intended, seeing stocks are very volatile these days and the bond market (10Y) is pricing in the effect of rate cuts by ticking upwards, is it a good time for an average joe to get into the financial markets?
Hmmm it's like there is an election around the corner
💯 correct. But both sides do it. That's the game to win
@@anyimmichaelik Yeah, like every four years.
Yeah, Trump said he would fire Powell so Powell has a big incentive to get the other side elected. Trump did it to himself.
@@zedzed5276Do you know why he wanted to fire Powell?
@@joshualoh499 Trump and Vance talk about how interest rates were zero when they were in office and they are 5-8% under Biden. So I'm thinking Trump would force Powell to take interest rates back down to zero. Do you think Powell raising interest rates under Biden was a good thing?
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Are you ready for more inflation?
I was born ready. Gimme more home equity!
Doesn’t mean anything til you sell it! Then you have to go somewhere. Borrow on it they got you!!!
@@Ravi-rl8tt😂 Enjoy higher property taxes with your ‘equity’ 🤡
@@uriassmith4110 That's the Kiyosaki way.
and...ARE YOU READY FOR SOME FOOTBALL!!!!!
Are we saying these prices are the new norm for life. Inflation seems to be out of control and still growing. Ex. my insurance has increased almost every bill being paid at a 6-month interval. This decision by Jerome seems to do nothing but head us toward more problems. Doesn't seem like the right time to lower rates. God help us.
lol yes here to stay most of us accepted this years ago
Stfu, some of us are out here tryna search for jobs.
Until the market crashes
@@Ravi-rl8tt STFU DUDE GO HOMELESS
I work in insurance. We raised rates because the cost of claims is up. Body repairs and medical bills have went up significantly.
lol stimulating the economy is going to stimulate inflation.
How about increasing production instead of squeezing people? How about made in America for America?
Unlikely
@@harpalmukesh4291too much US tax for that to happen. The US is killing our country
@@harpalmukesh4291 yeah, im sure you exclusively shop american products.
@@truk5161 the problem is the floor dropped out of the labor market. Hiring is at zero and layoffs are being announced all over.
Core Inflation has been back on the way up.
The only reason they are cutting rates is to prevent mass layoffs...
Not sure it will work.
Thank you Jaspreet, from Santa Rosa CA.
Shocked Wall Street into new all time highs.
Seems like they got what they wanted.
Yep, we all know who the Feds actually care about...............
"it could make home prices higher for people that own homes which is good" Why? Why is this good? My home isn't printing money for me, it's something I use. If I go to sell it, I have to go out and buy another home that has seen similar appreciation in value. Nobody's gaining anything here, it's just asset prices adjusting to inflation while wages continue to fall behind. So what good does my home's value going up do for me? It's great for the tax man and the insurance company though.
Apparently you have no idea how to use your home's value to your advantage. If you can make more money off of investments, you can leverage your home, or you can sell it, and downsize, pocketing the difference. And yes, the value of assets, or in your case, a liability, is considered by many to be a part of your portfolio, so an increase is a good thing. Personally, I'm looking to unload my $400k rental property, and buy something that is valued around a third as much in another state. My real estate taxes will go from around $4500 a year to under 800 bucks!
On point.....100percent
It all depends on how big of a risk one wants to take with their possessions...in this case the roof over one's head...it's all about risk taking.....
@@1timothydillon It shouldn't be about leveraging your homes value. A home is a place to live, and making it about money/price appreciation is increasing the social divide and taking away homes from those who are in need.
@@1timothydillonyou sound like you are too young to remember 2008 or you forgot what it was like. Using your primary residence to gamble is risky and probably not a great idea.
can we change spending habits as much as possible ?
stop buying stuff
your garage is full
closets too
make a sandwich and take a drink with you
Oh nice poem. I agree though.
Most people only learn the hard way. Just let it happen, stop resisting lol
Yup, I'm hard headed and dumb. I only learn the hard way...
Nice poem
lol they didn’t shock anyone 😂😂
Exaclty, it was exaclty as predicted 😂
He explained how they knew there was a interest rate cut, but didn't know by how much
Yeah, just in time for the election, what a surprise....
yes they did. 25 was coming but 50 was was a surprise for many. They haven't cut by 50 in 17 years, right before the GFC.
lol I’m dead 😂
It's going to do the opposite, yeah?
They should of kept interest high
They were still keeping things flying anyhow, now way more.
The job market is miserable lmao
@@Ravi-rl8ttJob market is great if you are a ‘migrant’
Election coming soon 🤣🤣🤣
@@tubenachos Every year is an election year.
The financial grifters are going to be out in full force. It's grifter season again
This shocking newsA rate cut refers to a reduction in the interest rates set by a central bank, such as the Federal Reserve in the United States. This type of monetary policy is often used to stimulate economic growth by making borrowing cheaper, which can encourage spending and investment. Lower interest rates can also reduce the cost of existing debt for businesses and consumers.
The labor market is in trouble.
Core inflation is 0.33% m/m.
Annualized that is 3.96%..
The fed is trying to prevent mass layoffs before the election.
Going to be an interesting December.
Christmas is canceled this year.
At least illegals are working
Or they’re just trying to prevent layoffs regardless of the recession.
@@jimb3093thank God 🙏
@@Ravi-rl8tt, Stagflation baby.
Dead labor market increasing inflation.
Typically it's a couple months after rate drops like this that the floor falls out. We'll see.
Thank you Jaspreet
These companies are not going to lower prices on consumer goods so nothing really changes.
I cannot understand why, among the causes of inflation, money printing is not even mentioned, despite being one of its most important causes.
The whole system is a scam! The whole thing! Democracy and all the rest
It's only when it is in the hands of people trying to spend their money that it causes inflation. For over a decade, the money spigot was gushing, and the only thing all that money was doing was to pump up the stock market. Printing money didn't cause inflation on goods and services. It was irrefutably evident when supply chains were shut down, and everyone was given stimmy checks, and eviction moratoriums, then told to go shopping with all their new found money. Too many dollars, chasing too few goods causes inflation, but usually devaluing the dollar is only noticeable in the long term, and to other countries who trade in USD.
The problem that will happen now is that people with high debt will refinance their debt at a lower rate and continue to spend. So essentially we just reset and continue to accumulate debt until the next implosion.
thank you for your thoughts, it helps me to understad better what is going out there
Soo folks go purchase a home at lower interest rate but insurance, energy and property taxes continue to rise at alarming rates.
The extra cut was due to fear that the economy is starting a nose dive
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?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Prices for everything will remain out of reach for most us whether it's food or a decent vacation. No matter where you are on the spectrum, we feel most pains from high prices, even with interest rate cuts. How many businesses will actually cut their prices for products and services unless demand drops ❓😢
I don’t understand why everybody wants lower interest rates, because like you just said you’re high savings account interest rate just went down. This is only good for people that are in debt. It’s so sad that our economy runs on debt, people should be saving their money only buying things with cash. If you can’t buy cash, you can’t afford it. there’s so many people out there just living lives that are not their own -living lies 🙄
Calm down, Dave Ramsey.
@@Commonsenseisnotcommon8 The government can’t steal from you if there is no inflation.
The stock market LOVED it! So did my portfolio!!
In other words, we are screwed again. All this does is drive up inflation.
the market was down
CME fed watch tool had really high chances of a 50 basis point drop so maybe YOU were shocked but wall street definitely wasn’t
it was expected. If you reviewed the history of interest rates decisions, you would find the same responses when it's about to reverse the trend.
To late we have been in a recession for two year's now and its only gotten worse.
It won't fix the economy. America is poor. Debt is at an all-time high
Excellent analysis
The economy is doing so well, they're cutting rates. Scary. I'm actually surprised, honestly thought they wouldn't cut at all this year. I was waiting for a rug pull decision.
Very good economic signal
This is great news for home loans. Sad news for my HYSA.. 😅
My 401(k) plan went up a lot today. WHOO HOOO
What annoyed me aside from the Tax Cut being virtually nothing, is Legacy Media leaving out the miniscule size of the tax cut.
The market already priced in a .5 rate cut. Thats why stocks didnt shoot up immediately.
Well they shot up today dummy
That’s what I’m thinking too. Once they started talking cuts the market surged, right?
Minority Mindset Forever!!! 🥳🥳🥳
So why arent interest rates at credit unions or banks going down?
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Good, Where and how did you earn that much
Please how do I go about it, I'm still a newbie on investment trading and how can I make profits?
All thanks to FLORA WOOD
She is the lady that changed my life for good
Yes!!! That's exactly her name (Flora Wood) I've seen so many people talking about her....and am just starting with her from Ontario Canada
Long term yields are up..... Did the rate cuts really being down rates?
Mean while, here in Stralia... interest rates are set to rise. I am keeping cash in the bank in a high yield account.
Thanks
In my humble opinion, this is the worst thing they could do. I believe this will increase inflation, especially on items that people commonly buy. The interest rate needs to be 8%+ to lock down the dollars that are chasing goods and services.
This just gives them more power to steal from you, prices on cars,food,utilities,rent,and homes will increase
Odds are we'll go back up even higher in about a year or two when inflation fires back up.
I am not getting any stimulation.
you have to be an illegal
Me either
You have to be an illegal
Hope the intrest rates start cutting in australia too.
People must be freaking out and pulling their money out already. I just checked my HYSA and the bank is not accepting transfers right now.
Thanks for sharing SUI and AWS85G. 💯
How do I get more stimulus checks ?
Let poor people borrow more money and dig themselves in a bigger hole. Everyone wants to act rich when they are poor.
It's the rich that will be borrowing the most as rates drop. That's how money is made.
Too bad you're not updating your rumble account so I can listen with the screen off
Cutting rates right before an election is never a shock.
Every year is an election year.
Cutting rates with inflation going down and unemployment rising is not a shock.
If people are refinancing, they’re not necessarily pulling money out.
Unless you have further data , you don’t know.
Some people may refinance for lower term length and pay off their home faster. I’ve done that because I noticed that a 15 year loan I had a lower interest rate.
Anyone who believes Jerome Powell is naive.
Politickers in a nut shell
Does this have some sort of affect towards student loans? Just started a doctorate program.
No "below" 😢
Yeah, there was a "BELOW" at 4:25 :)
Well, I guess it's time to lock in that I-bond rate now.
Where is it now?
We got a 0.25 cut in South Africa
I'm shocked what's the big deal by the 50points is that really a big difference like am I missing something?? Please help me someone I feel lost
BELOW!
I don’t think houses will go up most people spent the money they saved for a house already they might go down a bit depending on the town
Many banking institutions in my area had been already slashing the interest rate on their interest earning accounts since last month. Funny how things work, huh?
It's not -0.5%
It's not a percentage. It's percentage points.
Very different.
Stocks didn’t move
Interesting how gold charts last 10 years reveal what is really going on in the economy. You can see how devalued the dollar has become. Many countries buying up gold reserves. Costco selling out of gold
Silver is better now
But don’t they usually cut rates because the economy isn’t doing well and they are trying to soften the blow? Recessions typically follow rate cuts.
If that is the case, then why would home prices go up if unemployment is going up?
Interest on preferred savings acts has been steadily dropping. It’s not a surprise to anyone.
Why they cannot admit they waited too late to cut interest rates.
I got a call from capital one talking about “based on your 808 credit score we want to offer you..” I hung up before she could even finish. No Ty!
BELOW!!!!!
FED had to do this because of all the commercial real estate about to need to refinance.
If the economy is booming, so many jobs are being creating and the unemployment is so low…why cut rates by 50 basis points?
Lower interest rates so that the funds will move into the financial markets. When interest rates are low it is no use putting money in the banks. Stock markets are moving to new highs. Gold moving to new highs.
Best turban channel in YT
They did not want to disappoint the market they never do
Do you dye your beard? 😮
Love your videos and content.❤
Going to be a good Christmas
I wasn't shocked this happened. But nonetheless, we will soon get hyperinflation. Then the rates will go back up higher than where they were.
Sadly you are correct.
AWS85G is still extremely undervalued
People that are waiting for mortgage rates to fall are not taking in account that it will creat a bottle neck event shooting up the house prices ! Better thing to do is to buy now and re finance later! What’s the point of waiting and then paying 50% higher price on house
And let me guess you still believe in Santa Claus the reason they went 50 basis points is because they have to follow the bond market
The Fed just started implementing their inflationary policy 😢
Half a percent cut? That's great for my mortgage, but my high-yield savings account is crying! 😭💰
Inflation coming down to 2-1/2% is not a flex. Many necessities are still way to expensive. And sellers of anything are betting on the dumb to go on a spending spree.
Not really a shock, it was built in .25-.50, had they have gone .75 that would have been a shock!
If it's not political, don't do it 50 days before an election, that makes it look political. There was no reason to cut rates now until inflation remains stable for a year or more. This could very well ignite inflation again.
It will reignite inflation. It’s a guarantee.
Inflation is way to high. Stuff is still way too expensive. Inflation is going right back up,
Bill Mays: but wait theres more inflation!
The more open the door...
Knock Knock Knock.
The Fed is advantageous.
These officials are such liars! If the economy is doing so good, then how do you explain Buffet off-loading stock holdings to over 280 billion in cash?
They were losing to much in the stock market so they slashed the rates.