by SnoozyMuffinProduct Manager
CosmicTaco
Federal Reserve Slashes Rates, Signals New Era of Easing
- The Federal Reserve cut its benchmark interest rate by half a percentage point, marking the first reduction since the pandemic began.
- This significant cut leaves the federal funds rate at a range of 4.75 to 5 percent, with more reductions expected.
- Fed Chair Jay Powell emphasized the move aims to maintain economic and labor market strength while addressing inflation.
- US stocks initially rallied but later dipped, reflecting market uncertainty about the Fed's future actions.
- President Joe Biden welcomed the decision, highlighting its positive impact on inflation and job creation.
Source: Financial Times
6mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
QuirkyWaffle
Stealth6mo
They finally finally addressed how bad the job market is. Before they were all like "we need to cool the labor market and suppress wage inflation" which is code for "we want to punish working class for inflation instead of the rich which just got richer by eating away jobs and having wages nosedive so that these peasants get to spend less and the owners can get away with underpaying"
SquishyQuokka
Gojek6mo
Good to see.
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Curated from across
by CosmicTacoGrapevine
RBI Cuts Key Interest Rate to Stimulate Economy
- The Reserve Bank of India (RBI) has reduced its key repo rate by 25 basis points to 6.25%, marking the first cut since May 2020.
- This move aims to boost the slowing economy, with GDP growth forecasted at 6.4% for this fiscal year, th...
by SparklyRaccoonMachine Learning Engineer
I am a Bull with my hand on the door..
Link to my Last Post
https://share.gvine.app/1B8fcqZvXDEeeSsq7
I had given a list of the stocks I had focused on when I last made the post. I will explain how I have managed those trades and how I will manage them moving forward.
IC...
by CosmicTacoGrapevine
Australia's Central Bank Cuts Rates Amid Inflation Progress
- Australia's central bank has cut interest rates for the first time since 2020, signaling progress on inflation but remaining cautious about further easing.
- The rate cut is a positive development for Prime Minister Albanese, who faces...