Welcome to Thursday Special![LOL]
Rate Cuts = Recession? Drop a clue for whether you think a recession is coming or not! 🤔
On Fed day, Jerome Powell doubled down on the “soft landing” narrative during his press conference.
Key highlights:
We’re officially in a rate-cutting cycle—though Powell called it a "recalibration": “We have in fact begun the cutting cycle now.”
Inflation expectations dropped, while economic growth is expected to slow slightly in 2024 but stay steady through 2027.
Unemployment? It’s forecasted to rise a bit, but nothing too alarming, suggesting the Fed still believes in a soft landing.
As for the markets, stocks, gold, bonds, and more initially surged, only to reverse course during Powell’s talk. Some analysts fear that a 50 bp cut might be a red flag for the economy and markets. 😬
So, what’s your take? Spot any recession signals? 🚨
Here’s a fun one:
$Costco(COST)$ raised the price of their iconic hotdog combo from $1.50 to $1.99! Inflation much? 😅
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Comments
- Your barista knows more about cryptocurrency than coffee.
- Your neighbor's lawn is perfectly manicured, but their house is for sale.
- The only thing growing faster than your savings is your beard (because you can't afford a haircut)!
US retail sale numbers rose and are set to rise higher with the holiday season.
Unemployment numbers are 4.2, falling from 4.3 a month earlier