Economy 52,861 Posted July 31, 2019 Share Posted July 31, 2019 https://www.bnnbloomberg.ca/fed-cuts-rates-by-quarter-point-and-signals-potential-for-more-1.1295241 The US Federal Reserve cut rates to a range of 2% to 2.25% a drop of 25 basis points from 2.25% to 2.5% While the Federal Reserve claims it is to shield the US from a global slowdown... Some question if the Fed is giving in to Donald Trump's demands of lower rates given unemployment is at a 40 year low and the equity market remains hot Link to post Share on other sites More sharing options...
imnotyourbabe10 6,120 Posted July 31, 2019 Share Posted July 31, 2019 Hi Economy! Thank you for always keeping us updated on these issues. (I wish I was more well-versed on these topics given that I'm from a social science background but, alas, I am not). I guess I'm confused about how all this is working out? Is it "good" to have these types of cuts? While unemployment is at a bigly low, I guess I'm wondering who is really experiencing the benefits of all the above? I know several of my friends who are college grads or post-college grads are still struggling to pay off loans, afford housing, find a job, have a dual income of sorts, etc. Even places like retail giants such as Target who say "We pay $15 an hour by 2020" are really just slashing their employee's hours by 2020 to combat the raising wages. Does the unemployment rate account for (crumby) part-time, no benefits, work? If so, the general public are being so misled! All this is to say, about the economy and Feds (which I know have been contentious with Tr**p)... Link to post Share on other sites More sharing options...
Economy 52,861 Posted August 1, 2019 Author Share Posted August 1, 2019 1 hour ago, imnotyourbabe10 said: Hi Economy! Thank you for always keeping us updated on these issues. (I wish I was more well-versed on these topics given that I'm from a social science background but, alas, I am not). I guess I'm confused about how all this is working out? Is it "good" to have these types of cuts? While unemployment is at a bigly low, I guess I'm wondering who is really experiencing the benefits of all the above? I know several of my friends who are college grads or post-college grads are still struggling to pay off loans, afford housing, find a job, have a dual income of sorts, etc. Even places like retail giants such as Target who say "We pay $15 an hour by 2020" are really just slashing their employee's hours by 2020 to combat the raising wages. Does the unemployment rate account for (crumby) part-time, no benefits, work? If so, the general public are being so misled! All this is to say, about the economy and Feds (which I know have been contentious with Tr**p)... Unemployment is only one measure of the economy The average hours worked, there's average hourly wages, part-time vs full-time job gains, labor force participation rate etc etc etc By most metrics the economy is not the strongest in 40 years Still tho, it's good enough that a cut in interest rates when it's already low a little questionable tbh Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted August 1, 2019 Share Posted August 1, 2019 "global slowdown" Trade volume between US and China ... China less money for oil and trade with middle East. . 💬💬💬💬 like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
.thumb.jpg.99c40bc2a10ded8236a48b4fe15c6be8.jpg)
Featured Posts
Archived
This topic is now archived and is closed to further replies.