Federal Reserve cuts interest rates

[Tres Leches]

50 basis points aint gonna do shyt to help the economy since they raised so much for so long.. it will take over 100+ but yea its a good start, 2025 if it can avoid a recession looks promising

 

[IIVI]

50 basis points aint gonna do shyt to help the economy since they raised so much for so long.. it will take over 100+ but yea its a good start, 2025 if it can avoid a recession looks promising

Thing is 50 was to cover for October because the Fed is off then.

There's a high chance they're cutting 25 bps in November and 25 bps in December. Maybe even January.

 

[IIVI]

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

This right here.

Not to mention, they're mainly the wacked out, tinfoil hat Conservative/Libertarian type primarily.

Follow them at your own risk. They're more dishonest and looking to let other people hold their bags more than anything.

 

[Marezzy]

Can someone break this down for me? Will my payments be lower? Will this reverse a recession? Perfect time to refinance everything I’m paying on? I can google but I would like a breh to explain it to me.

 

[Bubba T]

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

AI = Actually Indians