Economy 52,844 Posted October 30, 2019 Share Posted October 30, 2019 https://www.google.ca/amp/s/amp.cnn.com/cnn/2019/10/30/economy/federal-reserve-rate-decision-october/index.html The US Federal Reserve cut rates a 3rd time this year by another 25 basis points (0.25%) as it tries to ward off a slowing economy pressured by trade wars and low inflation fueled by weak wage gains this puts the Feds rate at 1.5% to 1.75% range (1.625% mid range) However the US and Canada (which has a rate of 1.75%) continue to have the highest rates in the Developed world as they still perform better than Europe and Japan Link to post Share on other sites More sharing options...
Economy 52,844 Posted October 30, 2019 Author Share Posted October 30, 2019 Most of Europe (and not just EU members) have rates around 0% some even in the negative plus QE money priting for the EU Also Japan continues at 0% Can we move on from this economic stagnation already???? Link to post Share on other sites More sharing options...
AmericanxDream 2,049 Posted October 30, 2019 Share Posted October 30, 2019 Ah my ****ing fave! Thanks Trump. Link to post Share on other sites More sharing options...
Economy 52,844 Posted October 30, 2019 Author Share Posted October 30, 2019 1 hour ago, Oshawott said: Ah my ****ing fave! Thanks Trump. Rate cuts is after all what he kept begging the Fed for as he contradicted himself that the economy was “stronger than ever” as if we dont know lower rates are for a weak economy and they are already at emergency lows To the average person it might pass but in the world of business and economics hes seen as such a fool Link to post Share on other sites More sharing options...
ltlmnstr 2,771 Posted October 30, 2019 Share Posted October 30, 2019 When is recession gonna happen that’s what I wanna know?! Link to post Share on other sites More sharing options...
Economy 52,844 Posted October 30, 2019 Author Share Posted October 30, 2019 12 minutes ago, ltlmnstr said: When is recession gonna happen that’s what I wanna know?! Who knows. Theres no concensus on that Link to post Share on other sites More sharing options...
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