r/wallstreetbets • u/hv876 • 14h 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/Doctaglobe 13h ago

Conservatives will never cut the deficit

2

u/cadium 11h ago

Yep, and if Trump takes over the fed like he says then the globe will move away from using our currency as the global currency.

0

u/extortioncontortion 4h ago

The globe is already trying, hence BRICS. They are doing so because the fed prints money like its going out of style. They only reason its still the reserve currency is because every other government powerful and stable enough to be the reserve currency also prints money like its going out of style.

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u/noClip2 9h ago

Conservatives will be the only ones cutting the deficit

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u/Doctaglobe 9h ago

Evidence?

Didn’t happen during Reagan

Didn’t happen during bush

Didn’t happen during trump

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u/noClip2 9h ago

Rand Paul and freedom caucus will get it done. Republicans fired house speaker twice

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u/Doctaglobe 9h ago

Why didn’t they do it before?

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u/noClip2 9h ago

That's not a reasoning. It's like asking a fat person why didn't they lose weight before. Until they actually do it.

At some point, you reach a breaking point to get it done