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Started By
Message
re: rate cut by Feds just announced
Posted on 3/3/20 at 5:06 pm to LSURussian
Posted on 3/3/20 at 5:06 pm to LSURussian
You my friend are writing out of your arse. Duel mandate means what? Nothing. What you need to know is the fed is supposed to ensure the fed funds rate is in line with economic output. There are a couple things they can do in response to economic issues. Raise or lower rates is one. However if the fundamentals don't support that ( THE HIGHEST LEVEL THE MARKET HAS BEEN ) investors will look at the data and react. Hence the response from today. Hopefully it will stabilize but I don't have much confidence in leadership
5
Posted on 3/3/20 at 5:12 pm to Lawricks33
quote:If I were Russian and had to read this collection of words in response to my prior post I would legit have an aneurysm
What you need to know is the fed is supposed to ensure the fed funds rate is in line with economic output.
This post was edited on 3/3/20 at 5:15 pm
Posted on 3/3/20 at 5:14 pm to Lawricks33
quote:Pistols at 10 paces???
Duel mandate means what?
Posted on 3/3/20 at 5:16 pm to Lawricks33
quote:I think I just had an aneurysm...
What you need to know is the fed is supposed to ensure the fed funds rate is in line with economic output.
Posted on 3/3/20 at 5:25 pm to Lawricks33
quote:
You my friend are writing out of your arse
quote:Just FYI.
Lawricks33
It is generally good idea to know the background of posters you're addressing before issuing a "writing out of your arse" invective.
quote:The "response" today may have to do with other issues:
Hence the response from today.
(1) A tepid, useless statement in behalf of the G-7 / Central Banks this morning, followed by (2) Powell's proclamation of Fed "uncertainty" on the heels of its 50BP emergency cut, and (3) Powell's intimation that there were no plans for further cuts despite the repo situation and markets having built in 75-100BPs, or (4) inevitability.
I am not a Powell hater.
However he inexplicably undercut any effect of the Fed's actions today.
IMO it was among his poorest days as Fed Chair.
Posted on 3/3/20 at 5:52 pm to Lawricks33
Dude, you have been told you are wrong by several people and you still continue to spew your drivel.
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