Gimme! Gimme! Gimme! (A Half-Point Rate Cut)
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 19 September 2024
⏱️ 27 minutes
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| 0:00.0 | The Tupperware Party is over, the Risk Party just getting started. You're listening to |
| 0:09.5 | Motley Full Money. money. I'm Ricky Mollie. I'm Ricky mallve. I'm Ricky Mulvey joined today by Bill Mann. What was it, Willie Three Sticks on the mic today? Good to see you. |
| 0:28.0 | Glad to be here. Thanks for pulling out my nickname from when I was little. |
| 0:32.0 | Shout out to my pal when I was little. |
| 0:35.0 | Shout out to my pal Rob D'Vanny. There you go. |
| 0:36.0 | I think we need to get more like radio nicknames going. |
| 0:40.0 | It's going to be an initiative for 2025. |
| 0:42.0 | I was, I thought content planning was going to be easy today. |
| 0:44.6 | I thought we're going to have a lot of Fed stuff to talk about. |
| 0:47.3 | You're not as excited to talk about the Fed, but for the first time since 2020, |
| 0:51.4 | the Federal Reserve, it cut interest interest rates the overnight lending rate the baseline |
| 0:54.9 | rate at which banks borrow from went down by half a percent to about 5 percent the cut was a little |
| 1:00.9 | higher than some market observers had expected. |
| 1:04.3 | What's your take? |
| 1:05.4 | Disgusted, shocked, appalled, excited, neutral. |
| 1:08.9 | I'm ish? |
| 1:10.5 | So we woke up this morning and there was a headline that said the size of the cut was hefty |
| 1:16.7 | that gives Wall Street to jitters. |
| 1:19.7 | Ricky, I ask you this, does anybody actually believe this? |
| 1:25.5 | I don't know. |
| 1:26.9 | I think that one of the things that has kind of gone out the window |
| 1:30.2 | is there's this belief that the Fed drives. is this |
... |
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