this post was submitted on 23 Aug 2024
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‘Time Has Come’ For Fed To Pivot Interest Rate Policy, Powell Says At Jackson Hole (www.forbes.com)
submitted 5 months ago by [email protected] to c/business
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[–] moistclump 1 points 5 months ago

Canadas had two rate cuts already.

[–] ChicoSuave -1 points 5 months ago (1 children)

Honestly shocked that Trump appointee Powell hasn't crashed the market completely. But then again, raising the price of everything and making basics unaffordable is crashing the world, so it's probably going to need time to really see the devastation.

[–] [email protected] 0 points 5 months ago

We will start to see it as soon as he lowers interest rates. That always makes things economically painful, even if it's better for the long-term health of the economy.