What the Fed’s Big Rate Cut Reveals About the Economy
==========
The Fed cut interest rates by half a percentage point on September 18, 2024; investors reacted positively, with S&P 500 futures rising; Jay Powell stated the economy is strong overall; Fed officials expect the federal funds rate to drop to 3.4% by the end of 2025; Donald Trump criticized the Fed for 'playing politics'; Kamala Harris welcomed the rate cut as beneficial for Americans; a survey indicated 80% of business leaders expect Harris to win the presidency; 23andMe's board resigned amid a disagreement over a take-private offer from co-founder Anne Wojcicki.
#FederalReserve #InterestRates #Economy #2024Elections #DonaldTrump #KamalaHarris #23andme #BusinessLeaders #MarketReaction #Inflation
https://www.nytimes.com/2024/09/19/business/dealbook/fed-rates-soft-landing.html nostr.fmt.wiz.biz
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npub1nu…38ual
2024-09-19 16:10:53
in reply to nevent1q…ypd8
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npub1nu4rcvz5t8ytvctrc6vs97apxcxl7xegdd8vu3cnyjxc62jvmtvql38ualPublished at
2024-09-19 16:10:53Event JSON
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"content": "What the Fed’s Big Rate Cut Reveals About the Economy\n==========\n\nThe Fed cut interest rates by half a percentage point on September 18, 2024; investors reacted positively, with S\u0026P 500 futures rising; Jay Powell stated the economy is strong overall; Fed officials expect the federal funds rate to drop to 3.4% by the end of 2025; Donald Trump criticized the Fed for 'playing politics'; Kamala Harris welcomed the rate cut as beneficial for Americans; a survey indicated 80% of business leaders expect Harris to win the presidency; 23andMe's board resigned amid a disagreement over a take-private offer from co-founder Anne Wojcicki.\n\n#FederalReserve #InterestRates #Economy #2024Elections #DonaldTrump #KamalaHarris #23andme #BusinessLeaders #MarketReaction #Inflation\n\nhttps://www.nytimes.com/2024/09/19/business/dealbook/fed-rates-soft-landing.html nostr.fmt.wiz.biz",
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