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Rates Always Higher After the First Rate Cut
From
Realty Times
Published 23 months ago
Four weeks ago Wall Street expected no rate cut. Three weeks ago Wall Street thought maybe 1/4 point. Two weeks ago Wall Street thought 1/2 point would be more likely. After last Friday's Unemployment Numbers were released showing... more
Four weeks ago Wall Street expected no rate cut. Three weeks ago Wall Street thought maybe 1/4 point. Two weeks ago Wall Street thought 1/2 point would be more likely. After last Friday's Unemployment Numbers were released showing 94,000 more jobs created (higher than the anticipated number) and the unemployment rate remained steady at 4.7% all these "smart" economists are predicting : Maybe a rate cut but if there is one only a 1/4% drop. (do these experts actually get a paycheck for these predictions?) This time they got lucky, or got it right, as the Fed in fact cut rates by a quarter point. But why do rates go up after each rate cut? You can look it up. Previous Fed cuts started a temporary euphoria in the stock and credit markets, but soon they sobered up and rates started going up again, erasing any gains they'd previously earned. Read More Click Here less
- Category: News & Politics
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