Federal Reserve cuts interest rates

[Arizax2]

Damn. That’s wild. I feel the pain 🥹

Ya bro that's the best I could get with a 803 credit score and zero debt

 

[Tres Leches]

about damn time

 

[Harry Sax]

Can you imagine a small building full of ancient vampire cacs controlling an entire country over afternoon jello?

 

[ViShawn]

excellent! stocks are UP

 

[the bossman]

The same outdated homes boomers overpriced that are sitting right now for half-a-million will have multiple offers next spring. By that time there will be 2-3 more rate cuts bringing mortgage rates down to the low 5's or even high 4's.

Disgusted by how true this is

 

[the bossman]

I know...I had to relocate for my job during the hight of the rates. I had to sell my house with a 3.25 and ended up with a 7.1....

Damnnnnnnn.

You couldn't just rent it out for a few years?

 

[Art Barr]

I hate it here in the cac a lacs.


Art Barr

 

[Arizax2]

Damnnnnnnn.

You couldn't just rent it out for a few years?

Once I had a house it was hard to go back to an apt...I'll make due especially since I can afford to put in an extra $500 a month to pay down the principal.

 

[d3koms]

Inflation time baby.

 

[horizon]

No one responded when I posted this in the other thread.

Is this accurate?

 

[IIVI]

No one responded when I posted this in the other thread.

Is this accurate?

Racist, Republican shill account mad at this move so it’s safe to assume it’s much better for the economy.

They going to cherry pick trying to confuse people with the trees so they don’t see the forest.

 

[horizon]

Racist, Republican shill account mad at this move so it’s safe to assume it’s much better for the economy.

They going to cherry pick trying to confuse people with the trees so they don’t see the forest.

Thanks for letting me know. Someone I consider reliable retweeted it but I figured I should ask

 

[Loose]

Thanks for letting me know. Someone I consider reliable retweeted it but I figured I should ask

Most stock bros are unfortunately conservative, so I take anything they say politically with a grain of salt

 

[OperationNumbNutts]

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.

Respectfully disagree regarding the job market. Covid taught companies you can do less and remain profitable. Everything from store and restaurants still close early, still have remote workers, and AI is starting to take off. IMO the drop in interest rates are not going to help people list the past. The game has changed.

 

[Spence]

Respectfully disagree regarding the job market. Covid taught companies you can do less and remain profitable. Everything from store and restaurants still close early, still have remote workers, and AI is starting to take off. IMO the drop in interest rates are not going to help people list the past. The game has changed.

AI isn’t the prince that was promised. Companies (Tesla and Twitter included) are on hiring sprees to get teams back that were laid off because AI isn’t ready yet and is still a ways off. It can do lower level menial tasks (for now) but executives thought shyt was sweet and could replace entire teams. Now what the current result is, are companies relying on untalented offshore resources paired with LLM’s to try to sort dhit out to disastrous results