Fed decision is out – and if you’re a billionaire in the swim with a new IPO, who loves you?
The Fed just issued this:
Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up through September. More recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat elevated.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment rose in recent months.
In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 3-3/4 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals. The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
The Committee judges that reserve balances have declined to ample levels and will initiate purchases of shorter-term Treasury securities as needed to maintain an ample supply of reserves on an ongoing basis.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Susan M. Collins; Lisa D. Cook; Philip N. Jefferson; Alberto G. Musalem; and Christopher J. Waller. Voting against this action were Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/2 percentage point at this meeting; and Austan D. Goolsbee and Jeffrey R. Schmid, who preferred no change to the target range for the federal funds rate at this meeting.
This is the “expected part.” We’ll be back after we watch the Chair’s remarks across the next hour.
The realy juicy part (as in the Red Riding Hood fairytales) was in the median (half above, half below) outlooks for the period ahead:
We won’t label these as insanely optimistic. Primarily because in our view they understate the likelihood of acceleration in rates of change in EVERYTHINGi.
Instead, I’ve asked Elaine to read these to me tonight as my bedtime story…
~ure
QE back official . Fed s broke , gimme bananas 2 . So what’s that gunna be good for now ? Communism / facism . Ain’t capitalism . Gimme more banana futures . Do what you like , eat a robot 2 . Zombies everywhere , and kill that USD fellas. Patriots my ass . Sold the founding fathers up the creek . Give em a good dose hasbara
Trump just needs a little more time. Trust the plan.
ahah thats hilarious !
govmint spooks got all of the MAGAtards’ believing in Q. tRUMPED they were.
That Q actually was going to bring JUSTICE to the SWAMP and its forfeit soul denizens.
A beautiful psyop that snared a TON o “Fish”.
those Fish are still rotting on the dock, and the spooks behind Q – still laughing at the ease with which they hoodwinked an entire country.
TODAY – Everything is a psyop..every F-ING thing, just like billy boy predicted (colby) – and no I know nothing about that accident down the eastern shore in 96..Nothing.
The large insider trading started in 24 and in 07 ended poorly a year later (08). Our Hindenburg omen was end Nov 25.
I got a pocket full of Quarters and Im Heading to the Arcade
and No Matter who says what or what does or doesnt do to Who, when, where and why?
I Win with God within ~
Nice..buts its “40 below” out here this AM, but thats okay, cause I got a Heater in my in truck and Im off to the rodeo… get Ure right step right..here comes Johnny with his pecker in his hand..”
https://youtu.be/DAp7FvZ5Opw?
Maybe write when we know the names of the Seven nations ?
Apparently they got an Army too…https://youtu.be/-D_uT0kXlRw?
The Night of the Past is gone, This Day is Ours.
Phew… last sixteen hour day this week.. slept like crap.. I have two twelve hour days the just a four.. everything has a price there’s no free anything..
well except my wife’s x boss with crappy history of paying back loans a bank gave him over a billion dollars to buy medical facilities across the usa..where he didn’t pay employees or his suppliers closing most of thdm..then during covid the usa? gave him thirty million saying poor boy..lol lol
The good thing. is I should have decent paycheck finally got one this week over two hundred dollars..up till now they’ve been under two hundred.. at first they weren’t sure I could still muster enough energy to do it so the shifts were short ..to the point I was essentially paying them because of transportation expenses.. lol lol.. this week my bank balance is a little more than negative which is a good sign..if I can keep it going in two years I will get the bank loan paid … with just retirement .. bank loan insurances for car and house and house taxes was over what we get by just shy six hundred.. I got the insurance rates down to where we had three hundred left but that just doesn’t cover it..not sure why the pres.. can’t see it..but then if you don’t live it it doesn’t exist in their world.. seen that first hand when I visited a sibling..he lives in a neighborhood where things like the rest of us just doesn’t exist..making it nonexistent..
when he asked me I told him honestly what it is..he thought I was full of shat..
I did get a loaf of bread made this morning..the wife loves fresh bread..one of the ladies I worked with is going to give me her fresh pretzel recipe..yumm..tgat would taste amazing with a hot cup of coffee..two days ago I finally discovered where the rose room is..lol little pleasures hoy coffee the way you like it..hot and bold.. well off to be the strong one to keep those that need it a little assurance that somebody steady is there for them.. hope you ladies and gents have a good day..
I screwed up lol.. today is my last sixteen..tomorrow is just for then Saturday and Sunday I only have twelve each day.. then Monday I have four hours..then head into the longer shifts again..xmas day I only have a six..the big issue is I have to travel between clients.. ones heading over the water so they can get in to see a doctor and family..so its not all bad..just the way it is
ten minutes the shift starts.. but thinking about it.. I actually put in a few more than eighty hours in should get a PC a little over seven next week.. I was thinking about what D Q said..and yes the land of milk and honey does exist..they take as much effort to achieve to be able to get to it and be able to stay there..I was thiking of one of the clients I see .they had it but an injury took it away from them.. now it’s lost and they are thrust into my world..each of us has our own trials and tribulations . the few. placs I would like to be.. literally have to buy me.. they can’t just hire me from my present position..visiting with staff here I see they are in the same boat I am..each wishing to be able to achieve the neighborhood that they will never be able to reach.. false hopes.. had a coworker the other day that just start crying frustrated about buying a gallon of milk for the kitchen ds or a gallon of gas.. it’s just the position we have..
children not kitchen..