Discussion on global economy and financial markets - Page 51

US on the edge over rate cut

https://www.marketwatch.com/story/u-s-recession-fears-exaggerated-economists-at-jackson-hole-say-44b18859

How long can markets grow from here ? 🤔🤔

Originally posted by: mishkil88

How long can markets grow from here ? 🤔🤔

Industrial growth is not on par with previous years.

Exactly what we apprehended all along...

https://finance.yahoo.com/news/ceo-jpmorgan-warns-us-economic-205558688.html

60% chance that the rate cut is 50 basis points and 40% chance that it is 25 basis points. What are your thoughts?

This is quite shocking.

https://finance.yahoo.com/news/tupperware-brands-plans-file-bankruptcy-195826245.html/

Any guesses on fed rate cut today from you guys ?

My guess 0.25% . Conservative approach .

Originally posted by: mishkil88

Any guesses on fed rate cut today from you guys ?

My guess 0.25% . Conservative approach .

Yes, that's my guess too.

Originally posted by: mishkil88

This is quite shocking.

https://finance.yahoo.com/news/tupperware-brands-plans-file-bankruptcy-195826245.html/

people don't need any more Tupperware.

Originally posted by: mishkil88

Any guesses on fed rate cut today from you guys ?

My guess 0.25% . Conservative approach .

38 Min Ago

Here’s where consumer rates stand as markets anticipate a cut from the Fed

The Federal Reserve is expected to make its first cut to interest rates on Wednesday after more than two years of tight monetary policy. The central bank’s target rate range currently sits at 5.25% to 5.50%.

Higher rates have been tough on borrowers, with the rate on the 30-year fixed mortgage rising to 6.12% as of the week of Sept. 13, according to Mortgage News Daily. That is up from 4.29% during the week of March 11, 2022, just prior to the Fed kicking off its first hike.

Home equity loans have also become more expensive, with rates rising to 8.49% as of last week, compared to 5.96% back in March 2022, according to Bankrate. Credit card interest rates have also jumped more than 400 basis points since the Fed started its rate increases, rising to 20.78% as of last week, Bankrate found. One basis point is equal to one one-hundredth of one percent.