Posted on 05/01/2024 7:14:08 AM PDT by Kaiser8408a
The Fed will likely pause rate cuts/increases when The Fed reveals their plans today.
Breaking: Federal Reserve officials are likely to hold interest rates steady at 5.25-5.5%—a 20-year peak—for a 6th consecutive meeting.
With inflation still high, rate cuts seem off the table for now.
Rate decision at 2pm Washington time.
The Street seems aligned.
Conforming rates are already up 161% under Biden.
MBS returns have been abysmal under Biden/Powell.
(Excerpt) Read more at confoundedinterest.net ...
it an “election” year; no action or cuts are favored, damn the statistics.
bttt
That is an indicator of the health of the financial speculation industry, not the "real" consumer economy. The problem is that Real Estate has outpaced the economy for a long time and that is something that cannot continue forever.
Rates will not be coming down anytime soon, they have waited far to long to raise them, which is what they should be talking about.
It’s obvious the whole thing is rigged - inflation is out of control and rates MUST go up but we can’t make Biden look bad in an election year.
Brandon is big on pause
Inflation is at around 15 to 20 per cent.
They lie through their filthy teeth and claim its way lower.
Interst rates should be at least 10 per cent to battle inflation.
Can’t do that can they? Because the national debt would suck up all the money per the budget just to pay the interest on that debt.
History repeats. We’ll be lucky not to experience another French revolution here.
Raising interest rates to stop inflation is like pushing a rope uphill.
As expected
Even if you dropped rates by 1-point...it does little to ‘thrill’ the general public. You’d have to go 2-to-2.5 points down, then shock everyone in January with a 2-point rise, and later in June 2025...another point up on top of that.
What you will see for the next five years...a massive slowdown in home sales, and a bunch of folks crying over the down-payment deal of 25-percent to get a decent monthly cost.
Volker already proved it works very fast.
Regardless of your opinion.
But, but I was told the Fed was (illegally) created to S-M-O-O-T-H out those pre-1913 roller-coasters
You mean to tell me/us this ISN’T the centralized economy utopia we were promised?!
Prove it.
Yep. The Deep State - oops, I mean the Fed - will not act in the best interest of the economy. The Fed will act in the best interest of Biden.
The institution investor that purchased my mortgage before I made my first payment three years ago is surely drinking itself into a stupor on a daily basis. It’s paying about 3% and the remaining term is more than 27 years.
Gold today is as valuable today as 111 years ago.
BEST ECONOMY EVER!!! Just ask the democrats.
FYI. Gasoline up to $5.25 this morning.
Now we have people on this forum whining that interest rates have been raised, and this is a a VeryBadThingTM.
It's hilarious.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.