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Fed probably won’t cut rates this year or next year, Commonwealth Financial Network CIO says
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Comments 17
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I originally thought one rate cut in the summer. But with the latest inflation numbers, it's obvious people don't get it. Stop buying crap. So basically I can easily see no rate cuts this year. People need to start saving, and this becomes a win win situation.
Never cut rates! Raise em sky high!
Why don't people get it???? Inflation expectations can cause inflation. Whose expectations? All of us! It's all a matter of belief.
They don’t want to lower rates because the more money they take from our bank accounts the less of a challenge we are to the oligarchs.
Nothing will change unless or until it becomes illegal for commercial entities to own single family housing.
Please don't. I like being rewarded for saving for once. These low rates were completely nuts and had to be temporary after we bailed out the 1%. Lowering it again will just turbo inflate asset prices again.
Oh, for God sakes, we all know this! The cognitive have already known this. Where have you been? Where has everybody else been? You cannot cut rates we all know this. You’re just gonna screw people people out of their life savings as they struggle to survive.
joker
They will never cut. Ever.
First Person that I believe knows what they’re talking about!!!!
😂😂😂😂 I don’t understand why people really believe those rate cuts when people are still spending money. Ya are all slow to even believe the nonsense. He will increase interest rates for sure
Lot of shops and restaurants are closing eveywhere in US, why? Because people cannot afford anymore to buy some luxury things or even go to restaurants. For example if you visit beverly heals or tampa you'll be amazed by closed shops and restaurants since few months ago.
Only way to correct this is to go thru a recession. Only way for them to correct the problems is higher for longer
The Fed would have given rate cuts to prop up Biden's chances of winning reelection. Now that it is clear that Trump will win, the Fed will do what it can to destroy to economy for his second term.
They should cut rates
Never listen to dudes that have $25 chairs in their home.
So much for those 6 cuts you called for yahoo.
Not whit inflation raising, and a credit debt