News: How Much Will The Fed Cut Rates? (Here's What You Need To Know)
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 17 September 2024
⏱️ 30 minutes
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| 0:00.0 | Hello fellow rebel capitals hope you're well so tomorrow's the big day the huge the epic |
| 0:06.8 | Fed rate cut decision well they cut by 25 basis points, 50 basis points, could they even cut to 75? |
| 0:16.2 | Let's go right into a story from Barons, arguing why maybe it's going to be a 25 basis point cut but then we're going to |
| 0:25.4 | look at some charts we're going to look at history we're going to try to |
| 0:28.1 | connect some dots to determine the probabilities of 2550 or like I said potentially even 75. |
| 0:37.0 | Let's get right into it. I'm excited this is going to be an incredible video. |
| 0:43.2 | A lot of eye-opening stuff right here. |
| 0:45.8 | So first and foremost, this Barron's article, |
| 0:48.6 | and if you guys didn't hear, retail sales today came out hotter than expected. Maybe 25 basis point cut. Check this |
| 0:57.8 | out. Spending rows at a faster clip than expected in August as American consumers once again proved their hardiness |
| 1:07.6 | against softening economic data. Retail sales increased so you're thinking based on the title |
| 1:15.5 | and this first paragraph, retail sales |
| 1:18.6 | was just absolutely blown out. |
| 1:20.2 | And then you look at it and you're like, |
| 1:21.9 | retail sales increased by 0.1% in August from July, |
| 1:26.6 | according to the data released Tuesday by the Census Bureau. |
| 1:30.8 | Economists polled by FACET had expected a 0.2% decrease. |
| 1:37.0 | So they're expecting a, well, I don't want to use word collapse, but they're expecting a horrific |
| 1:47.5 | number and then they get a bad number. |
| 1:50.0 | It's like, oh my gosh, look at how resilient the consumer is. |
| 1:54.4 | That is great. Oh, but wait, there is more. It gets even more insane as you go down and check this out on an annual basis |
| 2:05.4 | they say sales rose by 2.1%. |
... |
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