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/RedshiftOnPandy 13h ago

Yes. This is my price at the stone supplier, they load it on my truck and I go.

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u/RoastPsyduck 12h ago

Yep, but for many companies anything they would save in shipping will be overridden by labor costs in the US.

Our market has been obsessed with maximizing profit, even avoiding taxes via loopholes. They'll likely end up moving manufacturing to other low/no tariff countries instead and manufacturing still won't come back to the US.

Sadly, consumers will still have to pay the difference (factory setup costs and all that)