Inflation is up to 3.1%

[IIVI]

Problem with high interest rates is people would stop buying and taking leases.

That also means we’ll have a hard time exporting as well, so you can expect lay-offs as companies can’t sell anything.

Additionally, less hiring because it’s too expensive take loans and pay off talent. That’s why when we had rate cuts during. Biden’s last year there was an uptick of hiring because of the rate cut and the outlook of there being more.

Additionally stock market would take a hit as more people would put their money in a bond rather than the stock market.

This was all before tariffs which only complicated things. This rate stuff isn’t good at either extreme. It’s about getting a balance which requires the parties involved having a lot of elegance, something Trump and this administration seriously lack.

 

[Scustin Bieburr]

Just hustle harder brehs
Spend more money on crypto

 

[Sir Richard Spirit]

I'm not too sure if it's slowing. It just grew 0.1% less than what they predicted. It's still at 3.1%. The author of that article put an odd spin on things lol

To put things into perspective, 2% is considered a healthy rate of inflation. That's why most descent jobs that try keep employees give a 3% pay increase every year. That at least beats inflation. We might need a 4% pay increase to not be poorer in 2026.

Inflation has been slowing. At one point it was 9% under Biden. The fed consistently pointed to the strong job market and uncertainties around tarrifs as to why they couldn’t cut the rates. They’ve even pointed out numerous times the strong demand within the economy.
.

So we have slowing inflation, jobs market slowing, and a president who just raised the debt ceiling to give out tax cuts. This is a recipe for cuts if I ever seen one.

 

[Jonah]

It’s not the dotcom vaporware nor even crypto though.

This is legit tech enhancing people lives, making software currently impacting the real world, in some cases replacing people and that’ll only happen more. Every single day this stuff has been getting used nearly the last three years. Every day.

The powers that be (rich people) only want this stuff better. It’s better to have money on it than bet against it imo.

its being marketed and pushed as actual Artificial Intelligence, like what you see in the movies.

its not that, its more of a pattern recognition algorithm that relies on its training data for reference. its data retention is limited by a users hardware as well, and is subject to hallucinations that make the technology unreliable

It is being forced into every nook and cranny of modern culture, mainly due to tech illiterate people thinking its something more akin to skynet or hal9000 rather than what it is. There is a lot of speculating being done based on that, which is why I called it a "bubble", which has the potential to be as bad as the Dot Com crash if not worse.

As far as "enhancing" peoples lives, thats debatable. There are more cases of it causing issues than there is in helping, such as with the massive amounts of layoffs going on by companies thinking they can replace employees with "AI". Which has led to situations like the articles below

IBM’s AI Gamble Backfires as Company is Forced to Rehire After 8,000 Job Cuts - Techish Kenya

In a surprising twist to the AI-driven future of work, IBM has been forced to walk back a key automation initiative after laying off thousands of employees in

tech-ish.com

After firing 700 employees for AI, Swedish company admits their mistake and plans to rehire humans. What went wrong?

Swedish fintech company Klarna is reversing its decision to replace human employees with AI after facing declining service quality. After laying off around 700 workers and heavily investing in AI for customer service and marketing tasks, the company has acknowledged that cost-cutting was...

economictimes.indiatimes.com

 

[Saysumthinfunnymike]

Whose he gonna fire this time?

Rest of this decade is going to be rough, buckle up and buckle down

Nobody because they are considering not even releasing the information now

 

[Sir Richard Spirit]

Cutting rates makes borrowing easier. People spend more money (they don’t have). Supply dries up. Prices of everything goes up.

You have to increase rates to control spending and inflation and ring every last dollar out the economy as possible without crashing it. Ppl don’t wanna hear that but that’s the only thing that fixes this (if we refuse to tax the rich properly that is)

That’s why the fed raised the rates to where they are now.

 

[IIVI]

its being marketed and pushed as actual Artificial Intelligence, like what you see in the movies.

its not that, its more of a pattern recognition algorithm that relies on its training data for reference. its data retention is limited by a users hardware as well, and is subject to hallucinations that make the technology unreliable

It is being forced into every nook and cranny of modern culture, mainly due to tech illiterate people thinking its something more akin to skynet or hal9000 rather than what it is. There is a lot of speculating being done based on that, which is why I called it a "bubble", which has the potential to be as bad as the Dot Com crash if not worse.

As far as "enhancing" peoples lives, thats debatable. There are more cases of it causing issues than there is in helping, such as with the massive amounts of layoffs going on by companies thinking they can replace employees with "AI". Which has led to situations like the articles below

IBM’s AI Gamble Backfires as Company is Forced to Rehire After 8,000 Job Cuts - Techish Kenya

In a surprising twist to the AI-driven future of work, IBM has been forced to walk back a key automation initiative after laying off thousands of employees in

tech-ish.com

After firing 700 employees for AI, Swedish company admits their mistake and plans to rehire humans. What went wrong?

Swedish fintech company Klarna is reversing its decision to replace human employees with AI after facing declining service quality. After laying off around 700 workers and heavily investing in AI for customer service and marketing tasks, the company has acknowledged that cost-cutting was...

economictimes.indiatimes.com

What it comes down to as an investor is it’ll either be a big thing and make money over time or not. It’ll get better or not.

My money is on it getting better. The most brilliant Scientists, Engineers, Researchers, etc. in the world have are working on it and it’s still early phases.

No need to overthink this. I’m betting on the collective brainpower from the best Universities and how bad governments, companies, etc. around the world want this.

 

[OneManGang]

That’s why the fed raised the rates to where they are now.

Right. But what I was saying was I don’t understand why they’d even consider lowering them because inflation isn’t really under control still. Unless Trump bullies the Fed into doing it.

 

[Traveler]

Why would they cut rates? I don’t see it

So his buddies can barrow money cheap to make more money

 

[Tres Leches]

rate cuts will come but mortgage rates will go higher

 

[Sir Richard Spirit]

Right. But what I was saying was I don’t understand why they’d even consider lowering them because inflation isn’t really under control still. Unless Trump bullies the Fed into doing it.

Trump bullied the fed into a rate cut when he got the debt celing raised. This is the MAIN reason we are getting a rate cut.

 

[Piff Perkins]

Remember all those people claiming tariffs had no inflationary impact...


Companies built up inventories to avoid as much of the tariffs as possible. Now they're restocking and have to buy goods that have been hit with tariffs, and are passing a lot (but not all) of the costs to consumers. That's only gonna get worse. Good luck.

The economy has been systematically hijacked and there will be a crash at some point. And guess who will be hiding employment data as that starts to happen lol.

 

[Sir Richard Spirit]

U.S. national debt reaches a record $37 trillion, the Treasury Department reports

The national debt eclipsed $37 trillion years sooner than pre-pandemic projections.

www.nbcnews.com

The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers.

The $37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation’s daily finances.


The national debt eclipsed $37 trillion years sooner than pre-pandemic projections. The Congressional Budget Office’s January 2020 projections had gross federal debt eclipsing $37 trillion after fiscal year 2030. But the debt grew faster than expected because of a multi-year COVID-19 pandemic starting in 2020 that shut down much of the U.S. economy, where the federal government borrowed heavily under then-President Donald Trump and former President Joe Biden to stabilize the national economy and support a recovery.

And now, more government spending has been approved after Trump signed into law Republicans’ tax cut and spending legislation earlier this year. The law set to add $4.1 trillion to the national debt over the next decade, according to Congressional Budget Office estimates.

Chair and CEO of the Peter G. Peterson Foundation, Michael Peterson said in a statement that government borrowing puts upward pressure on interest rates, “adding costs for everyone and reducing private sector investment. Within the federal budget, the debt crowds out important priorities and creates a damaging cycle of more borrowing, more interest costs, and even more borrowing.”

Wendy Edelberg, a senior fellow in Economic Studies at the Brookings Institution said Congress has a major role in setting in motion spending and revenue policy and the result of the Republicans’ tax law “means that we’re going to borrow a lot over the course of 2026, we’re going to borrow a lot over the course of 2027, and it’s just going to keep going.”


The Government Accountability Office outlines some of the impacts of rising government debt on Americans — including higher borrowing costs for things like mortgages and cars, lower wages from businesses having less money available to invest, and more expensive goods and services.

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ECONOMYYoung men are struggling in a slowing job market, even if they have college degrees​

Peterson points out how the trillion-dollar milestones are “piling up at a rapid rate.”

The U.S. hit $34 trillion in debt in January 2024, $35 trillion in July 2024 and $36 trillion in November 2024. “We are now adding a trillion more to the national debt every 5 months,” Peterson said. “That’s more than twice as fast as the average rate over the last 25 years.”

The Joint Economic Committee estimates at the current average daily rate of growth an increase of another trillion dollars to the debt would be reached in approximately 173 days.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget said in a statement that “hopefully this milestone is enough to wake up policymakers to the reality that we need to do something, and we need to do it quickly.”

How yall want it, full percentage or half percentage?

 

[Kyle C. Barker]

U.S. national debt reaches a record $37 trillion, the Treasury Department reports

The national debt eclipsed $37 trillion years sooner than pre-pandemic projections.

www.nbcnews.com

How yall want it, full percentage or half percentage?

Can you explain why you highlighted the parts you highlighted? And how it ties in with lowering interest rates

 

[beenz]

July CPI: What does the Fed do now? https://share.google/XsUfGOL0Z3pfPgypx

inflation self induced due to tariffs

there's literally nothing for the fed to do. they certainly aren't gonna drop the rates like cheeto wants.