[Pugchief]

Originally Posted by coralway

Inflation is down? Yeah, and gasoline is $1.98 a gallon.

Good grief

By the way, stay away from windmills, they cause cancer

Maybe not 1.98 but gas is way down:

[Normal]

Originally Posted by Pugchief

Maybe not 1.98 but gas is way down:

2.70 two days ago at 7/11 Wildwood, but wholesale is a 1.99 this week. If I recall correctly WAWA was a couple cents cheaper on the corner of 466A and Powel.

We should see a quarter point rate cut by the Fed this week.

[Aces4]

Originally Posted by Normal

2.70 two days ago, but wholesale is a 1.99 this week.

We should see a quarter point rate cut by the Fed this week.

Big whip, inflation is alive and well.

[Normal]

Originally Posted by Aces4

Big whip, inflation is alive and well.

Mildly, it will go up and down. It certainly isn’t what it was 2 years ago and is somewhat tamed. Lower fuel prices will cut delivery of goods costs for sure. I believe the slight movement on unemployment will warrant the cut. What ever the cut, it will be cautiously done.

[Bill14564]

Originally Posted by Aces4

Big whip, inflation is alive and well.

Which is good reason to believe the rate cut prediction is optimistic.

And what good would it do for us anyway? Without a variable-rate mortgage - no impact. Increase economic activity would mean even faster price increases. Lower mortgage rate might lead to an increase in home purchases which would mean more crowding in the pools, squares, and restaurants or possibly more investor purchase which would mean more of the hated rentals.

Would be better to wait until inflation is truly under control (near 2% for multiple consecutive months)

[Aces4]

Originally Posted by Normal

Mildly, it will go up and down. It certainly isn’t what it was 2 years ago and is somewhat tamed. Lower fuel prices will cut delivery of goods costs for sure. I believe the slight movement on unemployment will warrant the cut. What ever the cut, it will be cautiously done.

Mild, surely you jest. And it is on top of what it was 2 years ago so it is extremely expensive out there. No joke. Cutting rates at this point, is a big mistake I believe and that we will see skyrocketing inflation again. Remember, you've indicated this is only the beginning of rate drops.

[Normal]

Originally Posted by Bill14564

Which is good reason to believe the rate cut prediction is optimistic.

And what good would it do for us anyway? Without a variable-rate mortgage - no impact. Increase economic activity would mean even faster price increases. Lower mortgage rate might lead to an increase in home purchases which would mean more crowding in the pools, squares, and restaurants or possibly more investor purchase which would mean more of the hated rentals.

Would be better to wait until inflation is truly under control (near 2% for multiple consecutive months)

Inflation isn’t the only consideration the Fed uses when dictating rate increases or decreases. Maximum employment is a part of their mandate.

[Aces4]

Originally Posted by Normal

Inflation isn’t the only consideration the Fed uses when dictating rate increases or decreases. Maximum employment is a part of their mandate.

And when inflation is high (prices), wallets tighten and purchases drop as does employment with lack of product movement. The pressure to lower interest rates may be a huge mistake, almost predictable higher inflation on the horizon.

[Normal]

Originally Posted by Aces4

And when inflation is high (prices), wallets tighten and purchases drop as does employment with lack of product movement. The pressure to lower interest rates may be a huge mistake, almost predictable higher inflation on the horizon.

We shall see, it’s all up to 12 very proficient economic geniuses to vote on after they get all their data. The US is a big ship, it doesn’t stop or turn on a dime, she drifts for a while before the crew gets her heading straight.

[Aces4]

Originally Posted by Normal

We shall see, it’s all up to 12 very proficient economic geniuses to vote on after they get all their data. The US is a big ship, it doesn’t stop or turn on a dime, she drifts for a while before the crew gets her heading straight.

Right.. 12 proficient geniuses with hardly a pressureless, unbiased capability in making that decision. What a joke.

[Normal]

Originally Posted by Aces4

Right.. 12 proficient geniuses with hardly a pressureless, unbiased capability in making that decision. What a joke.

The Feds board is non biased. As of March 2025, the Federal Reserve had $6.6 trillion in total assets. Its holdings have exceeded $6.0 trillion since April 8, 2020, when it used quantitative easing to buy up several trillion from other banks. It isn’t beheld to political pressure or social influence. It’s a bank governed by objectivity and sound financial advice. It’s why it works.

Governments and businesses may want rates a certain way, but the Fed isn’t influenced by moods…lol

[Aces4]

Originally Posted by Normal

The Feds board is non biased. As of March 2025, the Federal Reserve had $6.6 trillion in total assets. Its holdings have exceeded $6.0 trillion since April 8, 2020, when it used quantitative easing to buy up several trillion from other banks. It isn’t beheld to political pressure or social influence. It’s a bank governed by objectivity and sound financial advice. It’s why it works.

Governments and businesses may want rates a certain way, but the Fed isn’t influenced by moods…lol

Keep telling yourself there is no influence... Due to the Fed's clumsy handling of "free money" for so long we now have terrible inflation that is here to stay and housing prices that are way out of reach for those trying to enter that market. There are so many problems out there, where does one start?

[Normal]

Originally Posted by Aces4

Keep telling yourself there is no influence...

Well we all know of a certain leader who made his feelings known that he wanted rate cuts to help out the real estate market last meeting, but the Fed still said no. So we know they aren’t influenced politically anyway. Are you suggesting they are bought?

[justjim]

Originally Posted by Pugchief

Maybe not 1.98 but gas is way down:

No surprise gas is down a bit.. It’s normal for gas to go down after Labor Day. Not as many people traveling.

[Aces4]

Originally Posted by Normal

Well we all know of a certain leader who made his feelings known that he wanted rate cuts to help out the real estate market last meeting, but the Fed still said no. So we know they aren’t influenced politically anyway. Are you suggesting they are bought?

That would be your suggestion since I never indicated that. Read my edited, previous post #27 for context.