The S&P 500 topped at 3017.8
- Thread starter volente_00
- Start date
NOT SURPRISED!
This means fed rates will NEVER EVER rise!!!!!!
The fed has downplayed inflation for how many decades. They never see inflation so fed rates will remain at these levels for years and years to come. Now all those savers will get nothing on their money. Thanks to the fed....inflation rate at 2-3% as they claim and a whopping 1-2% savings rate equals NO RETURN on your hard earned cash.
And if anything the next move is a fed cut.
FEDERAL RESERVE
Powell says the Fed would need to see a ‘really significant’ rise in inflation before hiking rates
The fed has downplayed inflation for how many decades. They never see inflation so fed rates will remain at these levels for years and years to come. Now all those savers will get nothing on their money. Thanks to the fed....inflation rate at 2-3% as they claim and a whopping 1-2% savings rate equals NO RETURN on your hard earned cash.
And if anything the next move is a fed cut.
FEDERAL RESERVE
Powell says the Fed would need to see a ‘really significant’ rise in inflation before hiking rates
Your anxiety is getting the best of you. The United States, last time I checked, is a free enterprise system. Note that the US competitors have been aggressively lowering rates for quite some time now - exhibit one is negative rates in Japan; exhibit two is negative rates in the EU. The fact of the matter is that the US Fed is playing catchup to their international trading competitors in terms of rate differentials.
Ohhh so we are lowering rates because everyone else is lowering there's. Got it...
Even though as claimed by everyone the US has the best economy in the world, with booming businesses and superior corporate profits, add in historical low unemployment , sweet GDP growth and a market at historical highs yet the fed thinks we should play catch up with the rest of the world by lowering interest rates to historical lows once again....sounds like a fun fun fun game.
Even though as claimed by everyone the US has the best economy in the world, with booming businesses and superior corporate profits, add in historical low unemployment , sweet GDP growth and a market at historical highs yet the fed thinks we should play catch up with the rest of the world by lowering interest rates to historical lows once again....sounds like a fun fun fun game.
I have been telling you for several months now that Draghi has been using rates to make the Euro more competitive against the Dollar. So, don't just take my word for it:
https://www.wsj.com/articles/the-un...-the-ecb-is-forcing-the-feds-hand-11564490313
The Undeclared Currency War: How the ECB Is Forcing the Fed’s Hand
If losing demand to Europe weakens U.S. growth and threatens to push inflation too low, U.S. rates must also drop
Federal Reserve policy makers reportedly are essentially being forced to cut interest rates because of the European Central Bank’s much-lower policy rate.
If losing demand to Europe weakens U.S. growth and threatens to push inflation too low, U.S. rates also must also drop, The Wall Street Journal explained.
“The ECB’s policy rate, at minus 0.4%, is already nearly 3 percentage points below the Fed’s. And last week ECB President Mario Draghi strongly hinted it will soon go further into negative territory. Fed officials have concluded they cannot permit U.S. rates to deviate too far from their foreign counterparts’. So even though the U.S. economy is in much better shape than Europe’s, the ECB is helping to force the Fed’s hand,” the Journal reported.
The U.S. central bank now is factoring not just foreign economic developments but also foreign interest rates into where U.S. rates ought to be.
“U.S. rates can diverge to some extent from global rates but there’s a limit to how far that process can go, because of integrated capital markets,” Fed Vice Chairman Richard Clarida said recently on Fox Business Network.
“If one central bank raises rates and another doesn’t, capital pours into the first country, pushing its currency up and putting downward pressure on inflation, exports and economic growth. In the other country, the opposite occurs. These dynamics are why other countries often follow the Fed. This year, though, the Fed is a follower, not just a leader,” WSJ.com explained.
https://www.wsj.com/articles/the-un...-the-ecb-is-forcing-the-feds-hand-11564490313
The Undeclared Currency War: How the ECB Is Forcing the Fed’s Hand
If losing demand to Europe weakens U.S. growth and threatens to push inflation too low, U.S. rates must also drop
Federal Reserve policy makers reportedly are essentially being forced to cut interest rates because of the European Central Bank’s much-lower policy rate.
If losing demand to Europe weakens U.S. growth and threatens to push inflation too low, U.S. rates also must also drop, The Wall Street Journal explained.
“The ECB’s policy rate, at minus 0.4%, is already nearly 3 percentage points below the Fed’s. And last week ECB President Mario Draghi strongly hinted it will soon go further into negative territory. Fed officials have concluded they cannot permit U.S. rates to deviate too far from their foreign counterparts’. So even though the U.S. economy is in much better shape than Europe’s, the ECB is helping to force the Fed’s hand,” the Journal reported.
The U.S. central bank now is factoring not just foreign economic developments but also foreign interest rates into where U.S. rates ought to be.
“U.S. rates can diverge to some extent from global rates but there’s a limit to how far that process can go, because of integrated capital markets,” Fed Vice Chairman Richard Clarida said recently on Fox Business Network.
“If one central bank raises rates and another doesn’t, capital pours into the first country, pushing its currency up and putting downward pressure on inflation, exports and economic growth. In the other country, the opposite occurs. These dynamics are why other countries often follow the Fed. This year, though, the Fed is a follower, not just a leader,” WSJ.com explained.
Only took a few hours but all those high yielding saving accounts are sending out notices to let all the hard earning savers know they are getting fu$ked with a another deduction in their savings rates...
Cash Management interest rate has been adjusted to 1.80% from 2.05% Annual Percentage Yield (APY).*
Cash Management interest rate has been adjusted to 1.80% from 2.05% Annual Percentage Yield (APY).*
Many elite traders including you kept saying that on ET. I don't know exactly what that means, just trade price that is.
How profitable are you just trade price and how do you trade price? Please don't tell me just buy low sell high.
Thanks for your time.
I only care about my savings rate which looks like its going to zero soon. Guess I'll take those extra bucks and find a dividend paying stock which now puts me at more risk than a guaranteed 1.75% that's slowly headed down over the next couple of years.