America’s top central banker has unambiguously signaled that lower interest rates are finally on the horizon, marking a crucial milestone for the Federal Reserve’s historic — and, so far, successful — inflation fight. CN’s Matt Egan and Julia Chatterley report. #CNN #News
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41 Comments
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my portfolio comprising of plummeting stocks that were recommended by certain financial YouTubers, quite devastating!
CNN, Trump has zero policy. Please start explaining that!
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Finally!
There is no mention of a rate cut. The Fed remarks manipulate the stock market. 2 years of complete BS like the Democrat party and Harris. He mentioned no 100% cut in September. The media is corrupt and there will be no cut until 2025. Bet.
So I should wait to get a new car then?…
This is the thing I don’t get so much heavy criticism of the federal reserve but how many instances can we say we were supposed to be in recession and didn’t hit recession. Look back over the past few years we are definitely going to go into a recession, but somehow someway the federal reserve, navigated the US economy so we did not end up in recession. You had experts predicting guaranteeing recession somehow we magically avoided it. Perhaps it wasn’t magic perhaps it was skill and leadership. Now when we see something else on the horizon, then we’re like oh maybe it’s a recession numbers aren’t as good as we thought they might be we can’t wait to blame the federal reserve who literally helped us avoid recession. Remember in 2023 we were supposed to go into recession. In 2022 we were supposed to go into recession. In 2021 we were supposed to go into recession. We were supposed to go into recession in early 2024. We keep dodging a lot of bullets here. Perhaps we should trust in their leadership because we’ve dodged a lot of recession bullets so far and it’s not magic.
what a disaster the last 4 years have been, don't believe me check your bank account.
Just getting worse and worse until the fed can’t scam ya
This guy literally is trying to say that inflation increasing 2% still, is a win. That doesn't mean lower prices, it just means they are raising more slowly. Seriously people listen to this stuff?
He should’ve done this a year ago
Btw is Trump winning? Because this happened under Biden as president, not the orange liar 💙🇺🇸
How is this fed and banks colluding any different than the meat industry? Grocers? Auto manufacturing?
Why is CNN brining in all there reporters from what appears to be the UK where there news are nothing for Tabloids crap. No wonder CNN is reporting like toxic British Tabloid..
Powell is working for trump should be investigated and fired by Prez biden and Kamala 😢😮😢😮
Should have been removed from the beginning 😢😮😢😮
He is going to wait until after election cos they like the Republicans to win
MAGA welcomes all. We are led by stupid people folks. Even RFK Jr. Joined MAGA!
They said could come key work … why would they say could because they’re waiting to see who becomes president… open your eyes they don’t like the Harris policies or they would’ve cut it immediately
USD will be weaken so bad!😂
CNN, MM and the DNC just handed Trump a bonus. The results will play out in a few months…😅
Fuck a rate cut. We need deflation, not decreased inflation with pay holding steady and the unemployment rate as well.
Cut it 50 basis points.
Hunter Biden favorite sport is Rock climbing
We can be happy with nothing. Harris all the way.
Insert Trump accent: "the crooked fed and that crooked Powell are using the fed to help Kamala win the elections."….
ANOTHER CASE OF FLIP-FLOPPING-KAMALA'S
BLAME SHIFTING! SHE IS UNFIT TO SERVE!
A VOTE FOR TRUMP IS VOTE FOR FREEDOM!
TRUMP ALL THE WAY TO THE OVAL OFFICE!
So what. The world is de-dolorizing, wages are low, products are expensive.
The economy is collapsing and there is nothing these capitalist clowns can do about it.
CNN is colon cancer disease
😅https://youtu.be/QN8uqbOdZaU?si=CLSiHuDjCb1iFLSa
Amazing how that could be sustained with a country trillions of dollars in debt. The reasoning with a low unemployment rate even more weird. Just admit you can't get real estate prices down because there are too many people to take down.
And they are real assets.
Everything was better under Trump. Everything.
Extra! Extra! Read All About it” Kennedy suspended his campaign but fake news not calling him a patriot like they did when they pushed Humpty Dumpty off the wall” Extra! Extra! Read All About it. Every where but here😮
RFK endorses DJT! 👍🏻
Everything is a big moment 😂😂😂😂
What is this new approach, news for the dim witted?
We need white male newscasters and reporters
ABOUT DAMN TIME
rates have to stay high until home prices can come back down 50%
Canada and some other countries have already cut rates.
What bullshit you cannot control inflation by printing more money , that's what caused it in the first place.
Current administration lied about 1 million jobs to prop up the economy on paper to try and sway voters and steal another election. Powell would have lowered rates sooner if this administration was honest but they're not. So instead of helping the middle class by getting rates lowered they lied because they don't care about the middle class. They care about power and will obviously do anything to keep it.
It doesn’t matter where they move they are all headed to the same place the traitors