No matter. They seem to be doing their job, managing the disaster caused by a lack of adults running the government overall.
The markets are responding with vigor today
Conservative. Idaho. Software engineer. Historian. Trying to prevent Idiocracy from becoming a documentary.
Email complaints/requests about copyright infringement to clayton @ claytoncramer.com. Reminder: the last copyright troll that bothered me went bankrupt.
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Wednesday, September 18, 2024
FOMC Cuts Rstes
9/18/24 Board of Governors of Federal Reserve System. After a pile of explanation of their duty to keep unemployment and inflation both low, and sewing signs of a soft landing they will "lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent..." from looking at market indices, it appears that big money also priced in this reduction.
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