Talk of The Villages Florida - View Single Post - Fed Reduces Interest Rate
Thread: Fed Reduces Interest Rate
View Single Post
 
Old 09-20-2024, 11:15 AM
jimjamuser jimjamuser is offline
Sage
Join Date: Mar 2018
Posts: 9,889
Thanks: 6,892
Thanked 2,245 Times in 1,812 Posts
Default
Quote:
Originally Posted by Normal View Post
I think the response time was a little slow. The cut was just right. It would have been a quarter if they were more certain of a recession was not coming. The economy is like a big ship, it takes a while to turn.
Right now ONLY 30% of economic experts think that we will have a recession. Not getting a recession will be very impressive for the Fed because it is difficult for them to "tiptoe" the line that they must walk to keep the US out of recession. The FED is to be applauded.