Federal Reserve cuts interest rates

[Elim Garak]

 

[cyndaquil]

Nice bout time

 

[Spence]

More people on this board need to be talking about this. It’s going to MASSIVELY help the job market and confidence.

Granted we aren’t getting another cut in October since the fed is off that month, it’s still big since the expectation was a quarter point.

If we get to more quarter point cuts to end the year it “should” be a very merry Xmas for everyone.

 

[I Really Mean It]

greed is good.

 

[Loose]

Just bought a home which I slightly overpaid 5-10k but closing in October. Prices about to go thru the roof with additionally people in market, good luck to those who was waiting. I wanted to get in before more buyers come and sellers get all power. Hope this helps with car prices though, I'm trying to buy a new one next year and not trying to pay 1k a mont for the most basic shyt

 

[Akae Beka]

Funny thing is that I told people this last year and they told me I was wrong. My current mortgage is at 3%. I was hoping to buy a few properties early next year but the .5 isn't really encouraging when it's at 6-8% currently

 

[jwinfield]

Just bought a home which I slightly overpaid 5-10k but closing in October. Prices about to go thru the roof with additionally people in market, good luck to those who was waiting. I wanted to get in before more buyers come and sellers get all power. Hope this helps with car prices though, I'm trying to buy a new one next year and not trying to pay 1k a mont for the most basic shyt

Got an offer accepted on a spot a couple weeks ago, closing scheduled for mid October. Probably going to lock in the rate Monday.

shyt probably about to get nasty soon. Insane how I'm looking at high 5s now and going when the condo I bought in 2021 was at 2.75%.

 

[Brolic]

What does this mean for the stock market?

 

[I Really Mean It]

 

[I Really Mean It]

What does this mean for the stock market?

a lot of new liquidity will be entering the market, since borrowing is less expensive.

the market will go on a bull run soon.

 

[desjardins]

Does anyone know the ratio of Fed cuts to commercial rate cuts? iirc it's not 1 to 1
So a half point Fed cut could mean avg commercial rates go from 6% to like 5% or something like that

What does this mean for the stock market?

Dow already up 300 points since the announcement

 

[Heafcliffe]

As a saver, I gotta get my CDs, HYSAs and investments in order.

I follow these youngins...

 

[Adonai]

Bandemic about to be back

 

[the artist known az]

I can't stand that piece of white trash

 

[Gritsngravy]

More people on this board need to be talking about this. It’s going to MASSIVELY help the job market and confidence.

Granted we aren’t getting another cut in October since the fed is off that month, it’s still big since the expectation was a quarter point.

If we get to more quarter point cuts to end the year it “should” be a very merry Xmas for everyone.

How will it help the job market?

I’m not sure this will make companies stray away from the path they currently on?