Nothing to say here really.

Quote:

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In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 33/4 percent.

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https://www.federalreserve.gov/newsevents/pressreleases/monetary20251210a.htm

The markets are expecting no change to the rate at the January 2026 meeting but somewhere between 1-4 cuts in the full year2026 with 2 cuts being the most likely.

Mr.Milkshake said:

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I don't think 90% of ppl remember what an actual recession looks like.

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We were in one under Biden the economy is hot now.

LMCane said:

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ETFan said:

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- housing sector remains weak
- tariffs causing inflation
- job market cooling
- rate cut

anything else?

Are we getting numbers ever again or just "hot" "cold" "trust me bro".

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LMAO

what "caused" inflation when it was 9.1% under Joe Biden?!?!

but suddenly you know with certainty the 2.7% inflation of today is caused by "tariffs"!

jobs were just shown to be highest in six months.

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Why are y'all coming at me for what Jerome Powell said in his conference? Specifically, the points that seem most relevant to avg Joe.

His words, not mine. EDIT: Recession talk is not mine, must be from a deleted post/poster.

Danny Vermin said:

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The fact that Gas is so cheap, at least here in Texas, gives lots of people alot of extra income. I've talked to quite a few rideshare drivers recently and just about all of them are actually thankful even if they hate Trump. I remind them that it would be close to 4 bucks a gallon if heels up were President.

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Not everyone in Texas fancies cheap oil.

Gap said:

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The markets are expecting no change to the rate at the January 2026 meeting but somewhere between 1-4 cuts in the full year2026 with 2 cuts being the most likely.

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Powell is replaced May 2026. Expecting a full 2 point drop.

Markets already factoring in Hassett and a large rate drop.

The tenure of Powell has essentially ended with Decembers meeting.

BusterAg said:

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ETFan said:

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- housing sector remains weak
- tariffs causing inflation
- job market cooling
- rate cut

anything else?

Are we getting numbers ever again or just "hot" "cold" "trust me bro".

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Inflation is always a monetary phenomenon.

Tariffs are not a monetary phenomenon.

Tariffs do not cause inflation, just price fluctuations within the market.

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Tariffs can raise prices of goods and services, which is inflationary. However, inflation and disinflation may not be measurable due to a lack of business activity.

The government borrowing $6 billion per day is much, much more inflationary than tariffs.

Quote:

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what "caused" inflation when it was 9.1% under Joe Biden?!?!

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Getting the minimum wage at around $15.00/hr by paying people to stay home and not work. Artificial making labor extremely scarce jacked up the minimum wage dramatically. My business was paying receptioninst $8.00 / hr and by the time the bull**** was over, I was paying $12.00/hr for the same job.

While government spending doesn't always create inflation. While printing money certainly does, much of the government spending is just padding people's pocketbook. Government workers that do nothing, corruption etc. That is why not all government spending causes inflation. Someone sucking money out of USAID isn't going to add to inflation.

But, these ****wads wanted minimum wages over $15. And that's exactly what they did. And did it mostly under executive order. Paying folks to stay home. Unlike USAID spending, minimum wage increases affect everything. That's why you saw that massive inflation number.

It was dumb, both actually and very much politically, when democrats told people that the economy was just fine regardless of what they were feeling.

It's still dumb today, and come next November that's going to be very obvious.

AggieVictor10 said:

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Mr.Milkshake said:

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I don't think 90% of ppl remember what an actual recession looks like.

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We were in one under Biden the economy is hot now.

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If the economy is as hot as you think, I assume you totally disagree with cutting rates then since that tends to increase inflation especially if the economy is already running hot.

Bought a house this spring and the interest rate is **** despite an 800+ score. Messing around with re-finance calculators and figuring out how much extra cash I'm going to be able to throw into risk assets after Bessent gets appointed and slams interest rates heading into mid-terms.

A rate cut is a poison cookie to the middle class, but the benefit goes to DC and corporations. They will continue to destroy us until we are all destitute.

Queso1 said:

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A rate cut is a poison cookie to the middle class, but the benefit goes to DC and corporations. They will continue to destroy us until we are all destitute.

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So higher fed rates benefit the middle class. Got it.

flown-the-coop said:

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Queso1 said:

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A rate cut is a poison cookie to the middle class, but the benefit goes to DC and corporations. They will continue to destroy us until we are all destitute.

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So higher fed rates benefit the middle class. Got it.

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During an inflationary period, yes.

LMCane said:

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ETFan said:

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- housing sector remains weak
- tariffs causing inflation
- job market cooling
- rate cut

anything else?

Are we getting numbers ever again or just "hot" "cold" "trust me bro".

---

LMAO

what "caused" inflation when it was 9.1% under Joe Biden?!?!

but suddenly you know with certainty the 2.7% inflation of today is caused by "tariffs"!

jobs were just shown to be highest in six months.

---

That # is mainly for lazy people that just accept information without research. When Biden had 9% inflation. What was the global average of inflation? Supply chain issues and covid.
Difference is Trump is a man made self made crisis his policies are the problem. Skewing #s and manipulating data don't solve the problem. They may keep the base with blinders. Just meet the problem head on and face it. Rather than attempt to mislead to save face.

In my opinion, you both may be wrong. Out of control spending and money printing is responsible.

Queso1 said:

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flown-the-coop said:

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Queso1 said:

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A rate cut is a poison cookie to the middle class, but the benefit goes to DC and corporations. They will continue to destroy us until we are all destitute.

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So higher fed rates benefit the middle class. Got it.

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During an inflationary period, yes.

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Real wages are outpacing the modest and dropping "inflation". To act like further rate cuts would hurt the middle class is making a lot of assumptions that simply are not reasonable.

M2 grew ~40% between early 2020 and late 2021. Coincidentally prices for scarce things rose at that rate or more over the next few years.

I remember back when nobody used the catch phrase "K-shaped economy." It hasn't been that long ago.

amercer said:

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It was dumb, both actually and very much politically, when democrats told people that the economy was just fine regardless of what they were feeling.

It's still dumb today, and come next November that's going to be very obvious.

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flown-the-coop said:

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Markets already factoring in Hassett and a large rate drop.

The tenure of Powell has essentially ended with Decembers meeting.

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That is an interesting concept,p and I don't believe the market has factored in a 2% or more drop after May 2026.

flown-the-coop said:

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Queso1 said:

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flown-the-coop said:

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Queso1 said:

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A rate cut is a poison cookie to the middle class, but the benefit goes to DC and corporations. They will continue to destroy us until we are all destitute.

---

So higher fed rates benefit the middle class. Got it.

---

During an inflationary period, yes.

---

Real wages are outpacing the modest and dropping "inflation". To act like further rate cuts would hurt the middle class is making a lot of assumptions that simply are not reasonable.

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We live in a house of cards. The entire system is built around the housing and stock market. These rate cuts are to keep those afloat. But the American taxpayer foots the bill by consuming at a higher price. The Ponzi scheme is going to collapse.

Queso1 said:

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flown-the-coop said:

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Queso1 said:

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flown-the-coop said:

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Queso1 said:

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A rate cut is a poison cookie to the middle class, but the benefit goes to DC and corporations. They will continue to destroy us until we are all destitute.

---

So higher fed rates benefit the middle class. Got it.

---

During an inflationary period, yes.

---

Real wages are outpacing the modest and dropping "inflation". To act like further rate cuts would hurt the middle class is making a lot of assumptions that simply are not reasonable.

---

We live in a house of cards. The entire system is built around the housing and stock market. These rate cuts are to keep those afloat. But the American taxpayer foots the bill by consuming at a higher price. The Ponzi scheme is going to collapse.

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Our economy is a manipulated sham.

Bad Trump.