Interesting...

Hopefully Powell will be one of those people filing for unemployment soon.

The rates just need to be cut a lil more, chud! This'll totally work just like it did in '08.

Hey siri, overlay fed rate cuts and interest rate hikes from 1982, 2008 and 2024. >amazing, they're exactly the same! >hey look the fed even made the same announcements on the same days the prior years....

What’s it mean?

Cutting rates makes it cheaper to borrow money, but increases inflation. The theory is that this should spur companies to borrow more money to grow and hire more people, but when it doesn't it results in stagflation. That's the worst of both worlds, where the money supply and unemployment both keep increasing.

Dont worry, the stock market keeps going up!!! >whats that? The s&p 500 is being propped up by 7 companies and the rest are crashing? https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/just-7-companies-are-carrying-the-s-p-500-in-2023-75823741