The Fed cut rates again by.25% & predicts 2.5% inflation next year. Trump is being gifted a very promising & stable economy. Your thoughts?

[DrPepper12]

FYI: Most economists will not even begin to ascribe credit or blame to a POTUS for an economy until a minimum of 18 months after they were inauguration when they truly have control of various policy levers and not what they inherited.

FYI #2: The mandate of the Federal reserve is for "full" employment and price stability; this means unemployment below 2.5% & headline inflation at/under 2%. (Includes volatile food & energy).

The Fed is closing out 2024 with a strong economy, inflation that is fading (albeit slowly), and a resilient job marketAs the Fed began cutting rates, many thought the U. S. dollar would also start to weaken from historically strong levels. That hasn’t happened: The dollar index, which measures the U. S. currency against a basket of major trading partners, is trading close to its highest level in more than two decades.

The Federal Reserve cut interest rates for the third time in 2024, and forecast half of a percentage point worth of rate cuts next year, suggesting that officials will make two quarter point reductions. Fed officials also lowered their forecasts for unemployment in 2025, and revised their forecasts for inflation in 2025 to 2.5 percent. That’s up from 2.1 percent when they last released them in September

As the Fed began cutting rates, many thought the U. S. dollar would also start to weaken from historically strong levels. That hasn’t happened: The dollar index, which measures the U. S. currency against a basket of major trading partners, is trading close to its highest level in more than two decades.

I agree. It's still Biden's economy for @ another 18 mos.

I disagree. It's 31 more days of Bidenomics then GREATNESS

[WhiteSteve]

The economy has been in a state of steady recovery this whole time. There never was any problem to begin with, other than corporate price gouging, which will continue and even be facilitated by the Trump administration.

Bottom line is, even if Trump makes America the most the economically prosperous nation on Earth and everyone lives in a mansion and has a Maserati in the driveway, none of it matters if one iota of human rights or just general decency was sacrificed to get there.

The very idea that any means to the specific end of prosperity is justified is pretty much the umbrella issue I have with government and society. Human rights are farrrrrrrrrr more important than anything else, maybe only second to the climate of our planet. Nothing else matters until both of those things are secured.

[WhiteSteve]

*There never was any problem to begin with (relative to the global repercussions of the pandemic)

[D_Bone_Steak]

More Biden more poor. Just give it the 18 months and then start blaming Trump for everything... You're starting a bit early in my humble opinion. Just think about it... You can call them all stupid and make sure they don't vote for your side again in 2028. I mean obviously they've done such a great job of running this country that they just needed a break to the point of not getting the popular vote even. Think about your comrads... they need you to piss off all the non-partisans because you don't even need their vote... right? Amazon needs your help.

Me, pretending to be you right now.

[DrPepper12]

🤔🤔🤔🤔

[Anonymous]

The economy got better after Trump won, buisnesses investing.

[DrPepper12]

Uh huh. Are these investors here in the room with us now?

[lightbulb27]

don't agree he's gifted a promising and stable economy. I'd call it a severely in debted economy with a govt unable to pass a budget in how long... so it's continuing resolutions on the childrens credit card.

Depends whom you listen to. Some out there believe we are and were already in recession. companies I've heard, are and were planning for recession next year. That doesn't just happen in a month.

Either way, I'd expect a roller coaster and market decline at some point... inevitable , stimulated by trump policies and world events to cover, but baked into the cake under current reality. The market is at nose bleed valuations and expectations.

[DrPepper12]

"Depends whom you listen to. Some out there believe we are and were already in recession. companies I've heard, are and were planning for recession next year"
"Some "
"I've heard"
AKA not facts

[lightbulb27]

Observe insiders selling. All need to know.

[DrPepper12]

I'm sure you'll report this to the proper authority since MAGA is all law n order...

[exitseven]

Inflation is still a problem and the jobless numbers have risen. Consumer credit card debt is at an all time record and shows no sign of slowing down. The economy is still not good. I hope that it will improve.

[DrPepper12]

Anecdotal. Economy is fine

[Jersey2]

Trump women because people just don’t believe it. I know, I know, we are all stupid and juussstt don’t understand such things. But here is the polling. If you doubt that they please check the electoral college, the incoming House, Senate, and President.

www.pewresearch.org/.../

And this is of interest:

“As in the past, Democrats under age 50 express much less positive views of the nation’s economy than do Democrats 50 and older:
Just 21% of Democrats under 30 rate economic conditions positively, as do 29% of those 30 to 49.
By contrast, nearly half of Democrats ages 50 to 64 (47%) and a majority of those 65 and older (55%) say conditions are excellent or good.“

[Jersey2]

Trump won*. Not Trump women (who are hot by the way).

[DrPepper12]

@Jersey2 if you have to say it it's just not true...

[Jersey2]

@DrPepper12 I shouldn’t have to say it because it is obvious but you insist in living in a fantasy world that somehow the hated, vile Trump won and it wasn’t a complete rejection of Bidenomics and the currents state of the economy which is backed up by respectable polls and numerous articles and man on the street interviews and comments. Astounding, I know but that’s where you are in this.

Biden lost because he forgot about the working people. Democrats are realizing this. Many young democrats voted for Trump because of this. AND that is what the poll shows. And thanks for importing all of the Hispanic voters as they are future Republicans voters. They are running from governments like the one Democrats want to create. They are also socially conservative. Many of them don’t believe in an open border as they see the gangs are following them into the country. Perfect for Republicans.

And did you notice, the over 50 Democrats in the poll? They are the ones who think it is a good or excellent economy… that’s you. Government job, rode out the good years economically, settled and secure but pulling the ladder up on the young. Yeah, that’s you.

[exitseven]

@Jersey2 people over 50 don't buy much. Young people especially younger people with children buy a lot of different things and pay for services that older people would never use.

[DryGermanGuy]

You're barking up the wrong tree. Five minutes after Trump took office he won't be able to shut up about how he alone created the best economy evarrr. Trade wars and tariffs included.

[DrPepper12]

True. He alone can fix it...🙄

[Anonymous]

What effect presidents have on the economy tends to be delayed by about a year nearly always

[DrPepper12]

Exactly. At LEAST a year.

[Opinion Owner]

Tends to be delayed, and that doesn't count the stock marked which is build upon speculation and expectations.

[RedInnocent69]

of course, but it still won’t stop anyone from bitching about it. Inflation will spike as soon as Trump policies take over. It will likely take less than 18 months to screw it up.

[DrPepper12]

With his "plans" you're damn right. He u understands NOTHING

[seeyounexttuesday]

A strong Economy, RFK making America Healthy, DOGE eliminating a lot of the fat in government, FBI being reformed, Dept of Ed being eliminated, Trump getting rid of illegals and opening up fossil fuel extraction, getting us out of Ukraine and out of new wars... all we need is fair tax and get rid of the IRS and the country will be amazing

[Dongie]

I agree.

[DrPepper12]

Yeah. Ok

[seeyounexttuesday]

Glad you’re hopping on board.

[blueonblack22]

The biggest thing Trump is going to do is to cut all the bullsh*t onerous regulations on businesses and oil&gas that Biden was so fond of. That will definitely make a difference.

[DrPepper12]

So how long will it take to make this renaissance in energy regulations be felt by Joe main Street?

[blueonblack22]

Well the stock market surged after Trump was elected for a reason.

Do I think everything is going to be the golden age in the economy like the roaring 1920s or 1990s? I dunno. I would like to hope so.

But what I do know is the Biden administration crushed private enterprise through excessive regulation, skyrocketing oil & gas prices (which impacts everything) and wildly ineffective and asinine DEI mandates. Kamala Harris would have continued on this trajectory but even worse.

Also I know Bureau of Labor LIED to help the democrats about new job growth. And vast majority of the so called “new” jobs created during the Biden administration were tax payer funded GOVERNMENT jobs.

When it comes to the economy and inflation I can at least count of Trump not to make things worse. And I know you are going to bring up tariffs. Yes tariffs might cause temporary inflation but they are tool meant to force adversarial/stubborn counties to negotiate with the USA. It forced China to negotiate with the Trump administration. And even if they don’t work I highly doubt Trump would destroy his legacy with more hyperinflation. He will find a way around given he knows how to deal.

[DrPepper12]

Unreal. Just insane.

"Biden's... skyrocketing oil & gas prices"

POTUS controls oil n gas prices? Worldwide? 😂😂😂😂

"Bureau of Labor LIED to help the democrats about new job growth."

Please do tell. If you mean revision I've got a story for you about the Trump admin...

"inflation I can at least count on Trump not to make things worse. And I know you are going to bring up tariffs. Yes tariffs might cause temporary inflation but... "

"He won't make it worse just temporarily worse". 😂😂😂😂😂

"tariffs are tool meant to force adversarial/stubborn counties to negotiate with the USA."

So not to protect domestic industries? Next you'll tell me tariffs are paid by the import business, not consumers...

MAGA. The tragi-comedy that just keeps on giving...

[blueonblack22]

@DrPepper12 you yourself acknowledged a while back that the job growth numbers the bureau of labor reported were wrong. amp.cnn.com/.../bls-jobs-revisions

Also the FBI quietly revised violent crime statistics. They are actually much higher then previously reported. www.realclearinvestigations.com/.../...065396.html

[blueonblack22]

But I guess it’s all a “coincidence” that these two government bureaus misreported statistics that directly impact presidential campaigning. Just a “MAGA” conspiracy right? Funny how these “mistakes” never happened when Trump serving his first term.

Also @DrPepper12 I recall getting into a debate with you months back about Biden pardoning his son Hunter Biden. I said “Mark my words Joe will let his son off the hook”. You on the other hand vehemently argued to the contrary.

And lo and behold look at what happened. Yet you never acknowledged that.

At least when I get a prediction wrong I can own up to it. But you rather sweep that under the rug, change the subject or ignore that. No worries though. I’m used to leftists never acknowledging major faults of their administration. After all the mass media completely did their best to cover up Biden’s complete cognitive decline until he literally collapsed on himself when he debated Trump (which completely humiliated the MSM and exposed them for the liars they are).

[DrPepper12]

Check yourself. I was wrong and said so.

Revisions occur all the time. Check out st Ronnie's for some truth.

[Danzigdawson]

... and he will ruin it. Make Inflation Rise Again!

[Jersey2]

We have an enormous debt that you are forgetting about. It is a big liability that threatens the country. On top of that inefficiency and waste is astronomical in government. There is a lot to do yet. Plus we have to stay number 1.

[DrPepper12]

WTF does that even mean "stay #1"?

[Jersey2]

Currently the US has the largest economy, highest per capita income, most successful tech sector, most successful Space sector, most successful Telecom sector, great agricultural sector, the list goes on. To keep at that level, a lot of work, innovation and investment are needed. That’s what that means.

[DrPepper12]

Uh huh... Source?

[Likes2drive]

Economy is not too bad but inflation is out hand especially with food prices, the fed keeps playing with the rates but it doesn’t do much good except cost more to borrow money and takes away money for other things we need

[DrPepper12]

The feds been cutting rates. Inflation is stabilized at 2.5 which is acceptable.

[Likes2drive]

Well, every time they supposedly reduced them, they went right back up and I got stuck with mortgage interest rate higher than it should’ve been

[DrPepper12]

OMG!!! LMFAO!!! You have a ARM? LOLOLOLLLOL!

WHY WOULD YOU TAKE AN ARM NOT A FIXED? BUY IT DOWN WITH POINTS? WTAF?

[Likes2drive]

I am locked in now but the sellers took too long and the lock expired, I spent a lot of money in points reduction to get it back down to 6.3%

[Likes2drive]

I would never do an adjustable rate mortgage, that’s crazy

[Dongie]

Yeah, along with a fabulous border!!

[Dongie]

youtube.com/shorts/8Lchhs4eWdo?si=l0AX_-g2iDe30QDn

[DrPepper12]

Which one?

[Dongie]

Put it this way, if you give credit to that fuckin' traitor you should do his jail time for being either a dumb stupid son of a bitch or for spreading propaganda in the name of anarchy. Perhaps executions are in order for the fuckin' left-wing traitors.

[Dongie]

That fuckin' border!