Fed cuts key interest rate by 50 basis points

[Johnny2X2X]

Markets up up up immediately after.

Good news short term. Really interested in their report on the economy that will accompnay this.

[Omnipresent]

1. They can't do that!!

That’s election interference!!

[Johnny2X2X]

2. Trump was all but threatening them if they lowered it at all

They are definitely going to whine about this, but it's a good thing. They almost waited too long so they had to be a little more aggressive.

Also, they think they have inflation whipped.

[WarGamer]

5. JPow said earlier we're looking at 75BP throught the end of the year so this was pretty much baked in...

Big question is, when will the next 25BP cut be?

[Johnny2X2X]

7. There are 2 meetings left

1 in November and 1 in December.

Could even end up being 25 each of those meetings depending on what the data whows the nest several weeks.

[WarGamer]

8. could be... we'll see.

[Johnny2X2X]

18. Their report is trickling out

The consensus is 2 more cuts this year. 25 basis points each.

[WarGamer]

12. Being a daily options trader, I KNEW today was a bad day to trade...

Volatility sky high, premiums jacked up...

Now looks like market dropping back down to pre-announcement levels.

[madinmaryland]

37. LOL. "Whip Inflation Now". Gerald Ford in 1975.

[gab13by13]

3. Way to go Jerome

Markets are headed higher.

[Johnny2X2X]

4. There's a lot that goes itno this

But the strong consumer spending numbers we just got could have tipped it from 25 to 50. People have money and are spending it, that's the engine that drives the economy.

[onenote]

27. They were headed higher until they turned lower, which is where they ended up.

I think in the long run, the markets will respond positively. But there is other economic news yet to be delivered that will impact how investors react.

[pat_k]

32. Seems it started up late last week on expectations.

If so, that could be why the bump today quickly dematerialized.

[Brother Buzz]

6. Curiously, Trump Media & Technology Group Corp dropped

What’s up with that?

[Johnny2X2X]

10. It's value is tied closely to his election chances

Because it is widely known if he wins the Presidency he will flow all government communications throguh Truth Social. He will even try to make having a Truth Social account necessary to get government services like social security and Medicare. he loses and it's worthless.

[mathematic]

14. DJT went up when the news was released (like everything else, for technical reasons)

It's been going down recently because the insider lockup period is expiring soon and people are figuring that the insiders will dump lots of shares onto the market.

Really has nothing to do with the Fed's decisions.

[Brother Buzz]

17. DJT stock bounce was short lived

Methinks it will close in the red…..again.

[Johnny2X2X]

21. He came out recently and said he's not selling any of it

That was an effort to help the price, but if he knows he will lose the election, he'll start dumping it.

Either way, it was a great investment for him, $1B or more to him for promoting the site, he put none of his own money in.

[pat_k]

33. And undoubtedly borrowing big against his holdings (nt)

[IronLionZion]

25. DJT is a worthless meme stock with low value based on fundamentals

and might be some sort of money laundering scheme.

[jcgoldie]

9. Cue the massive Trump melt in 3...2...1...

[Johnny2X2X]

11. Oh, it's coming

FOXS News will explode too.

"THIS IS ELECTION INTERFERENCE!!!"

[newdeal2]

15. I'm sure the R dummies in the House

Will hold a hearing and subpoena Powell.

[madinmaryland]

38. Pirro and Bartaromo are getting hammered on boxed wine!!

[progressoid]

13. I was listening to Fox news in the car and they were having a hard time spinning this as a

bad thing and trying to hang it on Biden/Harris.

[Johnny2X2X]

16. Co-worker

I know she's a Trumper, she said yesterday when someone was talking about the markets, "Well, it is an election year.." Implying those in power are propping it up to get elected. I laughed and said, "If some politican has figured out a way to make the stock market go up to influence an election, they have super powers and deserve to be in office."

Certain economic data gets all the headlines, but other stuff gets ignored that is really the driver. People are spending money. People are working. People have more money in savings and investments. Companies have great earnings. These are the leading indicators that say the economy is in good shape. August's consumer spending report dazzled.

[progressoid]

20. It boggles the mind.

These people think Biden is a feeble senile old man yet he somehow has the power and influence to set grocery and gas prices.

[pat_k]

35. Trump talks about controlling the fed

. . .so his people probably think Biden does. They don't understand how terrible it would be if the fed were actually subject to presidential whim.

DT: "I feel the president should have at least say in there. Yes, I feel that strongly. I think that, in my case, I made a lot of money. I was very successful. And I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman."

[efhmc]

24. Listen to Bloomberg regularly and all pundits, predicted an increase just how much and when

was debated.

[uponit7771]

34. +1, their default will be to say nothing at all.

[Johonny]

19. Market was heavily betting on that

It will be interesting if they still do 2 more cuts . . .

[pat_k]

30. Market bump disappeared, perhaps because. . .

. . it had started up last Thu on expectations?

[SCantiGOP]

22. Good for the stock market

But more importantly, good for the Dems up and down the ballot.

[Sogo]

23. delete

[LetMyPeopleVote]

26. the Dow is crashing to new record highs today after the Fed cut interest rates

Link to tweet

[Johnny2X2X]

28. It dropped 100 today

The cut was already priced in, but this bodes well for more gains in the days and weeks to come.

[onenote]

29. The market closed down 103 points.

You keep ignoring that bit of information. Why?

[LetMyPeopleVote]

36. When trump left office, the Dow Jones was sitting at 31,188.

LOL. Do you remember TFG promising a stock market crash if President Biden was elected? The Dow is also up a great deal for the month

Link to tweet

[onenote]

39. Yes. But that doesn't explain why you posted about the market's response to the rate cut without mentioning

that the market actually ended down. Still wondering why you would do that since the market had been closed for some time when you made your posts.

[LetMyPeopleVote]

40. Thank you for the laughs

You seem to not understand that this rate cut is a good thing. President Biden appears to have achieve a "soft landing" which is a goo thing.

I am amused that the markets are rejecting TFG's predictions of a crash and we need to be thanking President Biden

Link to tweet

[onenote]

41. You seem not to understand my comment that I expect that the market will respond positively to the rate cut

Instead, you just make shit up.

[LetMyPeopleVote]

42. You obviously did not understand the joy that I and other take in President Biden achieving a "soft landing"

I am amused that you did NOT understand the material posted and did not appreciate the humor of the "Dark Brandon" meme. President Biden and VP Harris have been mocking and ridiculing TFG's claims about the economy and the stock market's reaction to the Biden/Harris economy.

Thank you for the laughs. The fact that you did not appreciate "Dark Brandon" really made me laugh

[LetMyPeopleVote]

43. I am so happy that President Biden has been so successful

Link to tweet

Link to tweet

[LetMyPeopleVote]

44. President Biden and the Fed are achieving a miracle called a "soft landing"

I appreciate the efforts of President Biden and the Fed

[LetMyPeopleVote]

31. Statement from Vice President Harris on the Federal Reserve's announcement

Link to tweet