Quote:
Originally Posted by ASAP
serious bump early on lol... putting $$ now on an int rate cut soon again... and probably a new fed chairman
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Since CME Fedwatch is predicting a 99% probability of a 25 basis point cut announced at Nov 7 meeting, this is not news.
As Powell ignored Trump's request in 2020 for negative interest rates, I doubt he will last beyond his term. But that is mid-2026. He can make a lot more money, with far less aggravation, in the private sector. Most economists are predicting that widespread tariffs would induce significant inflation, so I'd recommend strapping in for the rollercoaster ride.
What would you like to see? Higher rates? Lower rates? Or remain at present levels? And why? This question is for everyone, not directed solely at ASAP.