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Re: Fed Sets Stage for Longer Periods of Lower Interest Rates

By: Cactus Flower in ALEA | Recommend this post (0)
Thu, 27 Aug 20 7:11 PM | 16 view(s)
Boardmark this board | The Trust Matrix 		Msg. 38283 of 54959
(This msg. is a reply to 38278 by clo)
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I doubt we will see signficant inflation for a long time. What's going to drive it? Purchasing power? with unemployment this high? Consumption? with so many businesses closing? Wage increases? when everyone is competing to get a job?

So interest rates are going to be low for a long time.

That's why folks have piled into tech stocks. The only part of the economy that looks robust.




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The above is a reply to the following message:
Fed Sets Stage for Longer Periods of Lower Interest Rates
By: clo in ALEA
Thu, 27 Aug 20 4:09 PM 		Msg. 38278 of 54959

Fed Sets Stage for Longer Periods of Lower Interest Rates

Jerome H. Powell said the central bank would focus its efforts on maintaining a strong labor market while allowing for periods of higher inflation.

http://www.nytimes.com/2020/08/27/business/economy/federal-reserve-inflation-jerome-powell.html?campaign_id=60&emc=edit_na_20200827&instance_id=0&nl=breaking-news&ref=cta®i_id=16112385&segment_id=37035&user_id=75ee940ebe2fd3e9d0a6bb93cf283302

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