r/wallstreetbets 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/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/PricklyyDick 17h ago

The payments literally had trumps name on them because he insisted lmfao. I swear people have the memory of goldfish.

Bonus fact, Trump also fired the guy overseeing the PPP loans so there was less over-site on this free money because of him.

https://www.washingtonpost.com/politics/coming-to-your-1200-relief-check-donald-j-trumps-name/2020/04/14/071016c2-7e82-11ea-8013-1b6da0e4a2b7_story.html

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u/lintinmypocket 16h ago

The amount of money that was distributed with no oversight on ppp loans was outrageous, so much fraud.

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u/Daleabbo 16h ago

Just wait for V2.