Why would they be thinking about rate cuts? Inflation has come down a lot but is still way over the target. GDP growth is great. Unemployment is low. We probably have a year before they would consider rate cuts.
They think it’s bad that GDP/unemployment are good. Like their rate hikes can’t bring down inflation enough if there’s no bad side effects. But I think they’re wrong. Inflation is almost back to normal now. Thanks to the rare hikes so far. I think it’s time to stop now. and cut next year. I feel you.
@@CarstenVsTheMarket nitpick that inflation is ' almost ' back to normal. It is currently about double the target rate. What they have done already will probably ease it down closer to 2% next year. But I think it will be into 2025 until they can cut rates.
@@akshayjag117 gas prices come back down. Grocery and car prices stop going up for a while. The housing market chills. The inflation rate is back under 4%. And interest rates are low again. Supply chains restored etc. Would be the goal we’re almost at
Although government spending causes most of inflation by definition (we spent too much from 2020 to 2022), cutting pipelines, messing up an oil arrangement, overreacting to Covid and shutting down supply routes, getting into the Ukraine war and a couple other things have hurt as well. Thankfully the federal reserve is cleaning up the politicians mess. And politicians won’t make more big stupid moves with an election soon.
@@CarstenVsTheMarketno. Pipelines and oil arrangements have little to nothing to do with it. We, definitely, didn't overreact to Covid. We, bigly, under-reacted because Trump is a moron. We haven't gotten into any war. Corporate greed has hurt. That's about it. And you underestimate politicians. They'll make big stupid moves anytime.
I distinctly recall a certain guy with a very similar name (maybe it was the same name?) saying the Federal Reserve isn't "thinking about thinking about raising interest rates" not long before raising rates at the fastest pace in decades. Why are these people such clowns?
The cause and solution for inflation, have nothing to do with controlling prices. Our government is corrupt and efficient and free markets always are more successful than control.
Fed stopped raising rates at5.5% in July. But lenders raised it at every fed meeting.
Why would they be thinking about rate cuts? Inflation has come down a lot but is still way over the target. GDP growth is great. Unemployment is low. We probably have a year before they would consider rate cuts.
They think it’s bad that GDP/unemployment are good. Like their rate hikes can’t bring down inflation enough if there’s no bad side effects. But I think they’re wrong. Inflation is almost back to normal now. Thanks to the rare hikes so far. I think it’s time to stop now. and cut next year. I feel you.
@@CarstenVsTheMarket nitpick that inflation is ' almost ' back to normal. It is currently about double the target rate. What they have done already will probably ease it down closer to 2% next year. But I think it will be into 2025 until they can cut rates.
80% of Americans cannot afford to buy a car.
Grocery prices are up 30% or more.
Wages remain below cost of living.
Hope he succeeds.
And what do you think success looks like? If he succeeds, ending you said will still be the case
@@akshayjag117 gas prices come back down. Grocery and car prices stop going up for a while. The housing market chills. The inflation rate is back under 4%. And interest rates are low again. Supply chains restored etc. Would be the goal we’re almost at
It's not just the fed it's congress uncontrolled deficit spending fueling the inflation fire.
Car prices need to fall by 20%, people still buying huge expensive vehicles.
@@CarstenVsTheMarket We need cars in the $20K range for most people I know in the Midwest U.S.
Still feels like the premise was wrong... Since high inflation was caused by broken supply chains (and trade wars) that had yet to be repaired.
Although government spending causes most of inflation by definition (we spent too much from 2020 to 2022), cutting pipelines, messing up an oil arrangement, overreacting to Covid and shutting down supply routes, getting into the Ukraine war and a couple other things have hurt as well. Thankfully the federal reserve is cleaning up the politicians mess. And politicians won’t make more big stupid moves with an election soon.
@@CarstenVsTheMarketno. Pipelines and oil arrangements have little to nothing to do with it. We, definitely, didn't overreact to Covid. We, bigly, under-reacted because Trump is a moron. We haven't gotten into any war. Corporate greed has hurt. That's about it. And you underestimate politicians. They'll make big stupid moves anytime.
Thank you for update.
What price stability. Inflation in food prices is out of control. Wall Street runs. monetary policy. This guy means well but is ineffectual.
I distinctly recall a certain guy with a very similar name (maybe it was the same name?) saying the Federal Reserve isn't "thinking about thinking about raising interest rates" not long before raising rates at the fastest pace in decades. Why are these people such clowns?
Confidence in 2% inflation goal. Price stability. Strong labor market conditions. Reducing balance sheet. Full effects of tightening not showing yet. Consumer spending strong. Housing flat. Low unemployment rate. Flat rate but reduced balance sheet. Looking for lower gdp growth and softer labor market conditions.
Oh the private "federal reserve". Lol 😅😅😅
INTEREST RATE HIKES ARE NOT THE RIGHT SOLUTION ....... CONTROL PF PRICES IS THE SECRET TO SOP INFLATION.....
The cause and solution for inflation, have nothing to do with controlling prices. Our government is corrupt and efficient and free markets always are more successful than control.
Im waiting for dec 😊
Don’t stop