The stronger-than-expected tally should not knock the Fed off its current path, with officials having telegraphed a trio of rate cuts to occur this year, Joe Brusuelas, chief economist and principal at RSM US, told CNN Business.
How are those rate cuts going so far this year..... we still have three to go right ??
pompoms and pixie dust....
Time is a flat circle....
@Zeus4par
The stronger-than-expected tally should not knock the Fed off its current path, with officials having telegraphed a trio of rate cuts to occur this year, Joe Brusuelas, chief economist and principal at RSM US, told CNN Business.
How are those rate cuts going so far this year..... we still have three to go right ??
Is it 3 or 4? I believe in January they were saying 6, then it went to 5.
Banks, and hell the US gov't needs rates to decrease. The interest on the US debt is crushing as is. What's going to happen when rates rise to combat inflation? We know what happens when rates go lower. No grown up wants to actually discuss what happens when rates increase. I wonder why?
@kcblitzkrieg
Is it 3 or 4? I believe in January they were saying 6, then it went to 5.
Banks, and hell the US gov't needs rates to decrease. The interest on the US debt is crushing as is. What's going to happen when rates rise to combat inflation? We know what happens when rates go lower. No grown up wants to actually discuss what happens when rates increase. I wonder why?
Yes BG, going into January it was 6.... they'll be lucky to get even 1 cut, inflation is already back on the rise so an increase should surprise no one (but they'll act like they are).
Their messaging can't be trusted, that is the drum I've been banging on and they continue to prove this right day by day...
Time is a flat circle....
@BigGame90
Yes BG, going into January it was 6.... they'll be lucky to get even 1 cut, inflation is already back on the rise so an increase should surprise no one (but they'll act like they are).
Their messaging can't be trusted, that is the drum I've been banging on and they continue to prove this right day by day...
@BigGame90 Yes BG, going into January it was 6.... they'll be lucky to get even 1 cut, inflation is already back on the rise so an increase should surprise no one (but they'll act like they are). Their messaging can't be trusted, that is the drum I've been banging on and they continue to prove this right day by day...
It's the same talking heads on MSM that continue to push "FED expects X rate cuts this year" or "FED indicates future rate cuts" when the FED has never indicated future rate cuts. Every time JPow speaks, he says the same thing over and over. "we'll check the data and make adjustments" and "trying to reach the target 2% inflation". He's never indicated future rate cuts but MSM just repeats it over and over again. I don't understand why people can't see MSM for the garbage it really is. Propaganda from whomever pays the most.
Fed needs to raise rates ASAP IMO. But the FED is stuck. Raise rates, crush banks and continue to pressure the US with massive interest debt, help holders of cash with higher % yields aka more debt for the US in int payments and maybe tame inflation. Lower rates, crush the public with even faster inflation. I wonder who the FED will protect, Wall Street and the US, or the public? If they cared about the public, rates would have already been raised. If they cared about Wall Street and the US gov't, rates would be lower. Sitting idle is just prolonging the inevitable with whatever decision they go with.
Quote Originally Posted by kcblitzkrieg:
@BigGame90 Yes BG, going into January it was 6.... they'll be lucky to get even 1 cut, inflation is already back on the rise so an increase should surprise no one (but they'll act like they are). Their messaging can't be trusted, that is the drum I've been banging on and they continue to prove this right day by day...
It's the same talking heads on MSM that continue to push "FED expects X rate cuts this year" or "FED indicates future rate cuts" when the FED has never indicated future rate cuts. Every time JPow speaks, he says the same thing over and over. "we'll check the data and make adjustments" and "trying to reach the target 2% inflation". He's never indicated future rate cuts but MSM just repeats it over and over again. I don't understand why people can't see MSM for the garbage it really is. Propaganda from whomever pays the most.
Fed needs to raise rates ASAP IMO. But the FED is stuck. Raise rates, crush banks and continue to pressure the US with massive interest debt, help holders of cash with higher % yields aka more debt for the US in int payments and maybe tame inflation. Lower rates, crush the public with even faster inflation. I wonder who the FED will protect, Wall Street and the US, or the public? If they cared about the public, rates would have already been raised. If they cared about Wall Street and the US gov't, rates would be lower. Sitting idle is just prolonging the inevitable with whatever decision they go with.
Of course, if you look at the latest 'dot plot' there is less and less of a sentiment of multiple cuts.
MN Fed head Kashkari has even speculated on a raise. So, if one guy is willing to openly talk about a raise -- for sure, others are thinking it, even if they are not saying it aloud.
Absolutely, they need to raise it. But there is a lot of outside pressure to not do so. It is again them not being out in front of the very issue they are supposed to take care of.
Of course, if you look at the latest 'dot plot' there is less and less of a sentiment of multiple cuts.
MN Fed head Kashkari has even speculated on a raise. So, if one guy is willing to openly talk about a raise -- for sure, others are thinking it, even if they are not saying it aloud.
Absolutely, they need to raise it. But there is a lot of outside pressure to not do so. It is again them not being out in front of the very issue they are supposed to take care of.
MN Fed head Kashkari has even speculated on a raise. So, if one guy is willing to openly talk about a raise -- for sure, others are thinking it, even if they are not saying it aloud.
Absolutely, they need to raise it. But there is a lot of outside pressure to not do so.
@BigGame90
We all know they should've ripped the bandaid off in the beginning.... short term pain for long term health. Instead they've used their dull tools to play this game we've all witnessed past 2-3 years.
Time is a flat circle....
@Raiders22
MN Fed head Kashkari has even speculated on a raise. So, if one guy is willing to openly talk about a raise -- for sure, others are thinking it, even if they are not saying it aloud.
Absolutely, they need to raise it. But there is a lot of outside pressure to not do so.
@BigGame90
We all know they should've ripped the bandaid off in the beginning.... short term pain for long term health. Instead they've used their dull tools to play this game we've all witnessed past 2-3 years.
Of course, if you look at the latest 'dot plot' there is less and less of a sentiment of multiple cuts. MN Fed head Kashkari has even speculated on a raise. So, if one guy is willing to openly talk about a raise -- for sure, others are thinking it, even if they are not saying it aloud. Absolutely, they need to raise it. But there is a lot of outside pressure to not do so. It is again them not being out in front of the very issue they are supposed to take care of.
No shit Sherlock. Infinite amounts of cash doesn't fix the problem, it creates more of a problem.
Quote Originally Posted by Raiders22:
Of course, if you look at the latest 'dot plot' there is less and less of a sentiment of multiple cuts. MN Fed head Kashkari has even speculated on a raise. So, if one guy is willing to openly talk about a raise -- for sure, others are thinking it, even if they are not saying it aloud. Absolutely, they need to raise it. But there is a lot of outside pressure to not do so. It is again them not being out in front of the very issue they are supposed to take care of.
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: markets had another good day earnings reports are expected to be mixed so status quo likely catch 22
Yep, some minor profit taking today.
But our economy is still very strong and reputed to be the strongest in the world.
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: markets had another good day earnings reports are expected to be mixed so status quo likely catch 22
Yep, some minor profit taking today.
But our economy is still very strong and reputed to be the strongest in the world.
Not 'slightly below expectation'. Even according to the very Liberal Yahoo Finance it was: 'US Economy adds 175,000 jobs in April, much fewer than expected'.
Why not compare it to April of 2019 instead?
Current Employment Statistics Survey Summary, April 2019
Nonfarm employment increased by 263,000 in April. Professional and business services, construction, health care, and social assistance added jobs.
Not 'slightly below expectation'. Even according to the very Liberal Yahoo Finance it was: 'US Economy adds 175,000 jobs in April, much fewer than expected'.
Why not compare it to April of 2019 instead?
Current Employment Statistics Survey Summary, April 2019
Nonfarm employment increased by 263,000 in April. Professional and business services, construction, health care, and social assistance added jobs.
Meanwhile the unemployment rate is 3.9% ...the 27th consecutive month below 4.0% (all under Biden admin)
Labor force participation of prime working age women is at a record high
The employment rate of women in their prime working years just hit an all-time high in April.
The labor force participation rate for women between the ages of 25 and 54 climbed 0.3 percentage points to 78% last month, Bureau of Labor Statistics data shows.
And more solid news!
Quote Originally Posted by fubah2:
Meanwhile the unemployment rate is 3.9% ...the 27th consecutive month below 4.0% (all under Biden admin)
Labor force participation of prime working age women is at a record high
The employment rate of women in their prime working years just hit an all-time high in April.
The labor force participation rate for women between the ages of 25 and 54 climbed 0.3 percentage points to 78% last month, Bureau of Labor Statistics data shows.
Quote Originally Posted by fubah2: How 175,000 monthly job gains stacks up historically It's also well above 2019's average monthly gains of 166,000 jobs under the Trump administration. dow finishes higher once again !!
HEADLINES today . . .
May 16:
The Dow Jones Industrial Average broke past the 40,000 threshold Thursday morning for the first time ever, fueled by an encouraging inflation report.
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: How 175,000 monthly job gains stacks up historically It's also well above 2019's average monthly gains of 166,000 jobs under the Trump administration. dow finishes higher once again !!
HEADLINES today . . .
May 16:
The Dow Jones Industrial Average broke past the 40,000 threshold Thursday morning for the first time ever, fueled by an encouraging inflation report.
Just think how great the Biden administration economy would be if Kroger's profit weren’t up 35.6% from '22 to '23. Publix weren’t up 49% from '22 to '23. You don’t need to be Economical genius to figure why Food prices are so high.
Just think how great the Biden administration economy would be if Kroger's profit weren’t up 35.6% from '22 to '23. Publix weren’t up 49% from '22 to '23. You don’t need to be Economical genius to figure why Food prices are so high.
HEADLINES today . . . The US economy added 272,000 jobs last month, significantly more than the 180,000 that economists had expected. The jobless rate rose to 4% from 3.9%, according to Bureau of Labor Statistics data released Friday.
Average hourly wages rose to a record $34.91,
Quote Originally Posted by fubah2:
HEADLINES today . . . The US economy added 272,000 jobs last month, significantly more than the 180,000 that economists had expected. The jobless rate rose to 4% from 3.9%, according to Bureau of Labor Statistics data released Friday.
All 3 major NA indices up modestly as the rebound continues in anticipation of decent earnings reports.
HEADLINES today . . .
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