Fed’s rate-cutting days may be over - for now
And why?
After a year of aggressively slashing interest rates, Federal Reserve policymakers signaled that their rate-cutting days may soon be over — for now.
As expected, the Fed’s Open Market Committee served up just a quarter-point cut Wednesday, leaving the benchmark for overnight loans between banks at just 2 percent — down from 5.25 percent when the rate slashing began last summer.
The overnight rate is at 2 fucking per cent? Here’s some news for that headline writer: they can’t cut it below 0%. So the idea that they are stopping - for now - is insane. They have stopped because there is no where farther to go.
Some Fed watchers say we may see one more cut before the Fed pauses to see if its easy-money policy …
“Easy money policy”? They are getting to the point where they can’t give the shit away. This isn’t an easy money policy. This is a “will someone please save us from ourselves” policy.
This is what you get with a ‘C’ student from Yale.