Updated 11 months ago on . Most recent reply
Michael BaumPoster
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Fed cuts rates by .5%
Michael BaumPoster
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Just announced. More than many thought including me. I figured 1/4 point then another in a couple of months.
Should be interesting to see how things shake out.
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Michael BaumPoster
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Michael BaumPoster
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Well @Andrew Syrios, I am not thinking the economy is weaker that we thought, but I am more of the mindset it is a political move, maybe.
It is hard to tell. I think it is time to start lowering rates but 50 basis points is a lot at once.