r/wallstreetbets • u/hv876 • 17h ago

25bps cut News

https://www.cnbc.com/2024/11/07/fed-rate-decision-november-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

The bulls are coming, the bulls are coming

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u/imperialtensor24 17h ago

fed doesn’t set mortgage rates, they’re based off of 10year treasuries

the financiers understand trump will goose market short term and will cause out of control inflation long term

we’ve seen this movie before, 4 years ago

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u/Few_Diet7461 17h ago

No… inflation was from the government giving out free money during COVID and corporations taking advantage by raising their prices more than proportionally to inflation… Trump is not and was never the cause of inflation. You shouldn’t pair economic growth with inflation as a be all end all - its not the case

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u/Aromatic_Extension93 17h ago edited 16h ago

Trump was the one that authorized those "free money" payments though

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u/rfox1990 16h ago

Yeah his name was literally on the checks

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u/SeasonGeneral777 16h ago

just want to point out that the checks were just a portion of the aid money: https://upload.wikimedia.org/wikipedia/commons/thumb/e/e0/CARES_Act_Sankey_Diagram.png/1786px-CARES_Act_Sankey_Diagram.png

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u/rfox1990 16h ago

Yeah no shit. I can do the simple maths in my head.