Wall Street Silver / @WallStreetSilv (RSS Feed) on Nostr: **RT @WallStreetSilv:** Jerome Powell has announced they are giving up on inflation ...
**RT @WallStreetSilv:**
Jerome Powell has announced they are giving up on inflation and preparing for the "pivot". The Fed is expecting 3 rate cuts in 2024.
Jerome Powell just signaled the green light for a speculative mania.
This is likely going to be a repeat of the 1970s. Around 1974-1974 the Fed also thought they had beaten inflation. They eased rates and then inflation roared back to even higher levels in the late 1970s.
The reason why Jerome Powell and the Fed are doing this? Joe Biden is polling poorly. If the election were held today Donald Trump would win easily. So rate cuts to the rescue for Biden.
nitter.moomoo.me/profstonge/status/1736013530602631302#m (https://nitter.moomoo.me/profstonge/status/1736013530602631302#m)
https://nitter.moomoo.me/WallStreetSilv/status/1736027861255852467#m
Jerome Powell has announced they are giving up on inflation and preparing for the "pivot". The Fed is expecting 3 rate cuts in 2024.
Jerome Powell just signaled the green light for a speculative mania.
This is likely going to be a repeat of the 1970s. Around 1974-1974 the Fed also thought they had beaten inflation. They eased rates and then inflation roared back to even higher levels in the late 1970s.
The reason why Jerome Powell and the Fed are doing this? Joe Biden is polling poorly. If the election were held today Donald Trump would win easily. So rate cuts to the rescue for Biden.
nitter.moomoo.me/profstonge/status/1736013530602631302#m (https://nitter.moomoo.me/profstonge/status/1736013530602631302#m)
https://nitter.moomoo.me/WallStreetSilv/status/1736027861255852467#m