Dan Held on Nostr: The #Fed's rate cuts won't prevent a #recession. In fact, the U.S. economy has likely ...
The #Fed's rate cuts won't prevent a #recession. In fact, the U.S. economy has likely been in a recession for some time, though it hasn't been officially confirmed yet. While short-term rates may fall, long-term rates and #inflation will rise, along with #unemployment. Game over.
Published at
2024-09-11 16:34:08Event JSON
{
"id": "766f3a2e6d9fe3d9ad60b6141a2a47809eb54710d8b6c37530ddd6e3359f4092",
"pubkey": "1b11701600ff25f63eef3ca2c616df0c01dce603b3a08ced14e459865071914f",
"created_at": 1726072448,
"kind": 1,
"tags": [
[
"t",
"Fed"
],
[
"t",
"fed"
],
[
"t",
"recession"
],
[
"t",
"inflation"
],
[
"t",
"unemployment"
]
],
"content": "The #Fed's rate cuts won't prevent a #recession. In fact, the U.S. economy has likely been in a recession for some time, though it hasn't been officially confirmed yet. While short-term rates may fall, long-term rates and #inflation will rise, along with #unemployment. Game over.",
"sig": "29cf2ca4549bac74617ee4af93b47783dcdab578bf9dd08fbbb4dd62a71e8b26e71790e2a16e82d089611a3c11b3c64b099324287f55210c5aa2f71c1b3fa4f0"
}