Federal Reserve cuts key rate for first time this year
apnews.com
The Federal Reserve cut its key interest rate by a quarter-point and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market.

I know it’s nonsensical but my immediate thought is disappointment at “number go down” on HYSAs and VBIL blob-no-thoughts

  • came_apart_at_Kmart [he/him, comrade/them]@hexbear.netEnglish
    5·
    1 day ago

    i would assume it will also juice the housing market for people using traditional financing, in terms of sales, which i guess has been showing signs of contraction with buyers walking out on bids and shit.

    though, if it were me looking at houses, id wait until after the next two cuts first lol.

    i also think we live outside the standard model of “traditional” macroeconomic signals with all the stupid shit going on, tariffs, short term rentals, subprime, 84-120 month carloans, de-dollarization, carbon bubbles, etc. like i could see a scenario where they cut interest rates to the bone and all that happens is the biggest crypto-banking bubble in history, instead of like a relaxing of credit terms for people and businesses.