The Fed Decides: Chair Powell Speaks After Leaving Rates Unchanged
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Published 2024-05-01
#fed #finance #economy #business #stockmarket
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All Comments (21)
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Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
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The Band is back together!!! The best Trio in financial TV.
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"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
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Government's job is to print money (for EVs, wars, etc). FED jobs is to make sure the resulting inflation is limited to a rate of 2% per year. Basically they want to boil the frog slowly to avoid mass panic. They're doing good job, $34,000,000,000,000 in debt and rising.
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If April CPI comes in above 3.5% then July is off the table. We won't be seeing a rate cut until ATLEAST September if any.
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Tell us the rate and go away!
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ALREADY DECIDED...
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