Economic News

[Healing]

Glad they’re relieved of economic anxiety.


“There has been debate about how representative of American small businesses NFIB is, noting its very conservative and pro-Republican record.”

National Federation of Independent Business - Wikipedia

en.m.wikipedia.org

 

[nycfan]

 

[heelinhell]

My guess is he will cut rates another 25 basis points next week and then wait to see what havoc Trump may wreak on this wonderful economy that Biden has given him on a silver platter ...

 

[ColdBlueSteel]

My guess is he will cut rates another 25 basis points next week and then wait to see what havoc Trump may wreak on this wonderful economy that Biden has given him on a silver platter ...

…that’s just a wee propped up by government borrowing, spending and employment.

 

[finesse]

…that’s just a wee propped up by government borrowing, spending and employment.

As has every other such report ever. You should have seen it in the Reagan years when he almost tripled the national debt.

 

[nycfan]

 

[nycfan]

Dow Retreats After Interest-Rate Decision​

Investors expected the Federal Reserve's quarter-point rate cut​

https://www.wsj.com/livecoverage/federal-reserve-interest-rate-decision-live-12-18-2024?mod=mhp

“… The Dow Jones Industrial Average gave up an early gain following the Fed’s announcement. On Tuesday, the blue-chip index logged its longest losing streak in almost half a century. …”

 

[lawtig02]

I don't get the sense that the market is super confident heading into Trump 2.0 with all we've learned over the last few weeks, but I guess we'll see how MAGA's economic anxiety plays out for the rest of us.

 

[nycfan]

 

[nycfan]

 

[lawtig02]

https://www.cnn.com/2024/12/18/economy/dow-10-day-losing-streak/index.html

"The Dow plunged Wednesday on a disappointing outlook from the Federal Reserve. In the process, the blue-chip index extended its losing streak to 10 days — the longest such stretch since Gerald Ford was president."

 

[ChileG]

Thanks, Trump supporters.

Next up - cutting your social security and Medicare benefits.

 

[UNCatTech]

Thanks, Trump supporters.

Next up - cutting your social security and Medicare benefits.

Speaking of Social Security, that little bump you get when you've maxed out isn't really substantial. I don't believe most would notice if they just removed the cap and kept taking the same amount all year.

 

[nycfan]

 

[Turd Ferguson]

But I thought people voted for Trump because of his great policies.

 

[farce©]

And now the Republicans want to shut down the government until after the inauguration. It’s so great having Elon Musk as our chief economic architect.

 

[UNCatTech]

But I thought people voted for Trump because of his great policies.

Those were only concepts.

And he's not really going to do the bad stuff.

It's all slide of hand so the heritage foundation cancontinue to try and fuck us into a theocracy.

 

[Zoo_View]

Biden’s fault.

 

[nycfan]

Trump Isn’t President Yet. He’s Already Spooking the Fed.​

Inflation risks from the incoming administration’s agenda can’t be ignored any longer​

https://www.wsj.com/economy/central-banking/trump-isnt-president-yet-hes-already-spooking-the-fed-599e6e9b?mod=mhp

 

[nycfan]

“… The revision is an upgrade from the initial estimate of 2.8% growth in the July-Sept. period.

• It largely reflects stronger exports and better consumer spending, offsetting a bigger-than-estimated drag from inventory investment.

The intrigue: The third quarter grew at a slightly quicker pace than the prior quarter, which expanded at a 3% annualized rate.

• A tool developed by the Federal Reserve Bank of Atlanta estimates the economy might be even stronger in the current quarter, with 3.2% growth. …”