Federal Reserve holds interest rates steady, but September decision could be different
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- เผยแพร่เมื่อ 8 ก.ย. 2024
- The Federal Reserve left the benchmark federal funds rate unchanged Wednesday. Experts still believe the Fed's September meeting could lead to cuts. CBS News business analyst Jill Schlesinger and CBS News contributor Javier David break down the decision.
#news #money #sale
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![Morning Joe [6AM] 9/9/2024 | 🅼🆂🅽🅱️🅲 BREAKING NEWS Today September 9, 2024](http://i.ytimg.com/vi/Lqt4u6TQpl8/mqdefault.jpg)
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Funny how interest rates are steady now when we're getting closer to election
😂😂😂
I think they've been steady for about a year now
All they can for kamal to think she can win
@@peterbova Jerome Powell is Republican and is an expert. Has nothing to do with Kamala
Still not voting for her@@vidan3018
I am still broke 50 hr week here in Ohio but happy you got steak and shrimp
Same here bud I'm in Cleveland
Majority of the people are struggling in the Biden Harris ecomony. I don't understand how ignorant people vote democrats to get us faster to starving and freezing.
No farms. No food.
Don’t BS us saying inflation has dropped. No prices have dropped and pay hasn’t increased to make up the difference.
Exactly! It's a bunch of smoke and mirrors!
I'm even paying more for stuff than a month ago!
My grocery bill has dropped quite noticeably
That's not how that works. Prices don't go down, they just rise at a slower rate. Inflation would have to go in the negatives for prices to go down, or 'deflate'
Complete bogus, pay has outpaced inflation for 2/3rds the workforce and June had month on month DEFLATION for the first time in decades.
@@MoreThanYouTimesTwo🤣🤣🤣🤣🤣🤣 Sure.
They aren’t gonna cut rates folks. Hate to break it to you. Any cut will further devalue our currency.
Truth
They shouldn't cut rates, they should raise them... but the FED is now a political tool of the Democrats, so look for the rate cut when it will create the biggest boost for the Democrat Candidates... which is September.. bet on it.
Maybe that’s their intentions
Exactly. Lower the rates and turbo inflation. Crazy how 5% is a "high" rate. Borrowing should be expensive
We should have made the Federal Reserve illegal years ago and not leave the nation's finances to a private company.
Amen,Amen,Amen,Amen,Amen,Amen,Amen,Amen,
Seriously though. I don't think many people realize it's private
It’s private so presidents can’t have power over it, this is the better system
@@jerry19484Yeah 99% destruction of the dollar is better.
@@jerry19484 I dare you to make less sense.
That means, anyone with a loan, is steadily getting robbed...
Pay your loans, bub. It's allowed.
Pay it off 🤣🤣 if you can’t pay it off then you are getting ripped off alright 🤣 shouldn’t have gotten the loan since the beginning
After the past 5 years - aren't people finally tired of lIsTEniNg tO tHE eXpERts......
Thanks
~Jim Eagle
The federal reserve along with corporate greed is what’s wrong with this country. Fix those problems and we will be living much better.
Buy something that can't be printed. Hint: It starts with a ₿
@@pepsico815 Bingo ! or in my case Solana !
Exactly 💯
Define greed.
Lower interest rates ASAP plz.
It's funny how the FED is saying we are still holding steady. My home insurance rates jumped over $1100 since I closed a year ago. I need to refinance so I can breathe. Drop the damn rates to at least 3%
"I did that!"- Joe Biden
No, he didn't. You need to learn how to do your research, and learn about global inflation and who is responsible.
He had some help from the orange guy....
@@BrendenLee-dg Trump fanatics can’t really be reasoned with. You can try to argue as rationally as you can muster with them, but their devotion to Trump and the illusion of his being a maverick is absolute.
@@theQuestion626 Only because the alternative is worse
@@BrendenLee-dgyes he did
The count does not include the people that have given up on work and dropped off unemployment.
@@hudsonfrank1121 or the many who work for cash while claiming no income
So much for refinancing.
If they keep this up we may have to take notes from the Olympic opening show. Viva La resistance.
I think not
Defund the federal reserve
0.24 won’t cut it. This us a disgrace. Give us 3%
The rich are still spending... The rest of us are struggling to pay our bills. Rent is up, groceries are up, gas is up, utilities are up, interest rates are up. Some of us will probably end up homeless.
It's likely either they don't know and should, they do know and don't feel compelled to share that information with us all or they're withholding on purpose. Either way, is the current FedRes worthy of our trust?
Yes wait until we’re in full recession to do ANYTHING.. lower the damn rates
"Inflation is a good thing." Joe Biden aka Big Guy
I'm a lifelong Democrat, but I'm tired of this economy. I will vote for Trump in November 🗳
@@timgraysontv here bot bot.... Here bot!
Every trump policy is inflationary. Good luck. 🤠
@@zzzT. And on steroids!
Don’t bs us that high interest rates doesn’t negatively impact every segment of our economy. The cost of money is everything!!!
The worst thing that can be done is a rate cut. We need the value of money to stay high so we need the rates to stay where they are at. Folks counting on a cut to afford more need to find ways to make more instead.
People seem to think 2% rates as historically normal haha
Can’t take the blatant ignorance of tank top lady
Criminals
Time to END THE FED AND MOVE BACK TO PRECIOUS METAL BACKED CURRENCY....
Listen U.S. consumer debt tops $5 trillion dollars basically kicking the can down the road with no intent of paying their debt off. This debt is compiled of credit cards, student loans, auto loans but exclude mortgage debt. But when you include mortgage debt, u.s. consumers are buried under a record mountain of debt. And nearly 9 percent of credit card & 8 percent of auto loans transitioned into delinquency meaning they didn’t pay it off, the banks & car lenders suffered & will continue to suffer & go under because they are loaning all kinds of money out. Among generation z borrowers, 1 in 6 are maxed out on their credit debt & it’s getting worse. Anyone remember the housing & bank bubble of 2008? Lowering interest rates will only make this growing bubble of debt become worse. Or think of it this way, 9 percent of credit card debt plus 8 per event if auto loan debt is 17 percent of debt that will never be paid off, that’s almost 20 percent of guaranteed loss & its only getting worse.
If the Fed cares at all about their job they ought to be increasing rates.
Drop it by 3%
And that’s why you’re not in charge.🙄
Probably will be like .25 or .5 at most.
😮all our credit cards are tapped out and they keep urging you to borrow more.down to one can of soup & crackers and bananas and vegtables in 24 hours..retired on SS keep air off so we can pay light bill and rent....duck you
@@JanisWebbVaughn then you better vote Democratic as Trump is going to cut your Social Security.
Ffs at this point the only way to get some relief is to get a new administration in office
The Fed is an independent agency. 🤦🏽♂️
@@InGrindWeCrust2010lmao good one.
@@jamesgreer323 or you could learn basic economics
The Price of a house, still is racing ahead, up 4.1% in June alone! Showing no signs of slowing inflation in the housing market.... and if the Fed cuts rates, Housing prices will jump astronomically again.
I see no change lol
I totally trust cbs with my most updated news. I’m sure it’s not worse than their leading on like most other topics
Hold those rate reductions for closer to the election! Every talking point counts.
If your state has sales tax you are less likely to notice prices going down thats just pretty basic math im sorry for yall. I shed a tear in oregonian.
Oh cool AI comments sections 😂😂
Gas in California is still 5/gal . Happy ?
Funny how that happens every four years right around sept october i forrsee a lowering woooow im like a senator maybe i should buy stock like nancy mit ron and victoria john
Prices are not down! This is the percentage thing are rising!
Inflation is the RATE of price increases. Inflation is lowering but prices of the past are long gone. We are never going to see the prices of 2020, 2010, or 2000. 🤠
Dont you worry, THEY WILL DROP FOR KAMALA lol
Why is the price of Gas so high and price of meat is so high. Inflation isnt going down its just holding.
1) inflation doesn’t go down or it’s not inflation. DUH
2) Deflation is BAD and the sign of an economy in trouble.
You’re welcome
@@Clement-vf5eu Wrong. Wow your ignorance is beyond belief. Sorry kid Deflation is not Bad. An yes it does go down that's why the give it a percentage. Restarted Democrat.
Bidenomics.
Voting for Kamala after 4 years of this is like changing your shirt after you schitt your pants
You missed the entire point. Biden has no hand in inflation
If you think Trump is going to resolve this problem then I would remind you that his four years was economic volatility, stagnated wages, a bubble stock market, oh and also a trade war that decimated the farming industry.
[seeing inflation plummet] “This is terrible!”
MAGA tears: get some of those Trump diapers.
MAGA tears: get some of those Trump diapers.
FJB
Definitely agree they waited too long to raise the interest rate. Hope the Fed continues holding the rate for longer to really push inflation lower, which they seem to be prioritizing. If anything, June's MoM deflation kind of seems to go against traditional economic thinking that deflation reduces consumption. We could definitely use a few more months of 0 inflation to keep the economy stable. Maybe 2025 start lowering rates again.
We need deflation. Bring back the value of our paychecks
ALL PART OF THE PLAN 😂
Right before the election! Interesting
Wow, ewetube. Half of the comments are bots.
Yada yada
We are so f'ed.
MFW I click on a video because it's got JPow in the thumbnail.
Funny how the colors in the screen are red, green, black and white. Same colors are the four horsemen in revelations!! Get ready for the black horse, massive inflation and starvation.
3% that’s a Joke more like 15-20
Trump told him not to cut rates
liar
😂Stop
Greedflation!!!
Older folks?
4:53 Listen carefully. 😶🌫️
Commies propaganda
Laughable if you think we can’t see the BS.
Lies
Bs
Buhl
MINIMUM WAGE SHOULD BE $30 HOUR, AND TECHNICAL/TRADE JOBS AT $70 TO OVER $100 HOUR! THIS WOULD SAVE THE ECONOMY FROM COLLAPSING FROM $35TRILLION DEBT, WHICH REALLY IS $200 TRILLION RIGHT NOW!😮
There needs to be 3 different minimum wages. 1 for folks who are seeking a better life with the American Dream, 1 for folks who are in the 8% who do not have a smart phone (Non-marketized), and 1 for 92% of Americans who do have a smart phone (Marketized). Pure Market Capitalism with the aid of technology.
I hope to be able to explain it in great detail one day.
Bidenomics !!!!!!!! 😂😂😂😂😂
He obeys to Trump
Trump does not want to cut
lol no one obeys Trump. Not even his own Secret Service. Delusional folks will be blaming Trump for everything 1000 years after he’s gone.
😂Stop
Dumb
Liar
@@IanPham-e8p when Trump was in office the APR interest rate was 1.9, now it's like 6.8 something people are paying so much more for houses and cars this is fact please tell me why you wouldn't want this back go try buying a car and see how much interest rate you're going to get
The FED won't lower the interest rate until the economy stops booming! Bidenomics is just working too damn good! And we won't stop until every American worker that wants to unionize gets the opportunity to join a union! Power to the worker! #VOTEBLUE24
You must be upper middle class or rich with no family because us normal folks with families don’t see bidenomics working in our favor at all.
and DEAD
I hope they raise them again. I stuffed all my money into savings during the Trump and Biden years and now its making aeveral thousand a year just sitting there....
Thanks
~Jim Eagle
your creativity never ceases to amaze, what a great watch!
Harris should make it a priority to send senior citizens financial aid checks to help those on limited incomes still trying to recover from the horrors of the covid capitalist price gouging for everything!
Harris is full of crap
@@sirducksworthythe3rd842 no that's Trump's pants.
@@MoreThanYouTimesTwo you got that right! 🤣🤣