The Federal Reserve lowered its benchmark rate by a quarter point Wednesday as an insurance policy not against what’s wrong with the economy now, but what could go wrong in the future. It was the first rate cut by the central bank in more than a decade.
Noice, a 25bp cut. Not too shabby! Now go forth and give Beyond Meat all that nonsense value back!
Federal Reserve Chairman Jerome Powell said the central bank’s rate cut approved Wednesday was part an ongoing move to adjust to economic conditions though no guarantee of future cuts.
Cutting rates is a way to brace against “downside risks,” to support the economy and to boost inflation, Powell said during a press conference after the vote.
“We’re thinking of it essentially as a mid-cycle adjustment to policy,” he said He added that Fed officials “think it will serve all of those goals” that he mentioned.
Oh, so this might just be one cut? Wonder how this cheap money-addicted Veruca Salt market reacted to that sentiment...
Can you see where Jay started talking?
You people are fucking sick and you need help. This rate cut was only for you, there was literally no other reason to do it. Nothing out there in the economic data would make the Fed do anything to ease, and outside of Trump's batshit bullying tweets, the only reason this is happening is because you monsters have been whining for one for so long that it's honestly pathetic. And don't start with us about the trade wars, we all know that performative bullshit is now just part of the Trump economy.
Money is very cheap, and you still need more interest rate cuts to make money in a bull market. That's sad. And it's going to be sadder when this whole thing goes into a real-deal tailspin and all your whining has robbed the Fed of its mechanism to actually help.
You wanted a cut, you got a cut. Now you're throwing a blood and shit tantrum because Uncle Jay didn't promise there would be more, and he's a bad communicator because he's not saying what you want to hear in the way you want to hear it?
Get your shit together, Wall Street.