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Re: BREAKING NEWS Fed cuts interest rate a quarter point in effort to keep economy on track

By: oldCADuser in FFFT3 | Recommend this post (0)
Thu, 01 Aug 19 12:33 AM | 25 view(s)
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Msg. 51753 of 65535
(This msg. is a reply to 51748 by oldCADuser)

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I was right:

Powell Says Fed Cut Not Start of Long Series, Drawing Trump Ire

http://www.bloomberg.com/news/articles/2019-07-31/fed-cuts-rates-by-quarter-point-and-signals-potential-for-more




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The above is a reply to the following message:
Re: BREAKING NEWS Fed cuts interest rate a quarter point in effort to keep economy on track
By: oldCADuser
in FFFT3
Wed, 31 Jul 19 9:10 PM
Msg. 51748 of 65535

Yes, and the markets did NOT react in the manner that I assume Trump was hoping that they would. Therefore I can see a tweet coming where he will condemn the Fed for only cutting the funds rate by a 1/4 point. He will claim that that it needed to be at least a 1/2 point or larger cut.


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