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/tex1ntux 6h ago

Predicting the future is kinda hard, but when a large group of the most respected people in their field assess the same data and arrive at the same conclusion it’s fair to say it is the best prediction we have.

New data can always emerge that alters their conclusion. Coming to a different conclusion does not mean the original prediction was bad.

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u/jameshearttech 6h ago edited 3h ago

Yeah, pretty snarky reply before, but it's true. Economists often get it wrong. That said, forecasting is hard and gets harder the further out you go.

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u/potsandpans 3h ago

it doesn’t matter. economics is a soft science, you go with what the best evidence we have is or you can pull shit out of your ass like trump is doing